This property looks like a bad Mid-Term investment with a projected -4.8% first-year return on $95,238 initial cash invested.
-4.8%
Cash On Cash
5.73%
Cap Rate
0.87
DSCR
$3,038
Rent
-$381
Cashflow
Cash Flow
$3,038 income − $3,419 expenses = $381 out of pocket
Investment Breakdown
|
Purchase Price
$368k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,238
Downpayment
20%
$73,560
Closing costs
1%
$3,678
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,038
Total Expenses
$3,419
Mortgage P&I
66%
$2,014
Property Taxes
8%
$238
Home Insurance
4%
$133
HOA
0%
$0
Property Management
12%
$365
CapEx
4%
$122
Vacancy
3%
$91
Maintenance
4%
$122
Other
11%
$334