This property looks like a bad Mid-Term investment with a projected -11.83% first-year return on $95,490 initial cash invested.
-11.83%
Cash On Cash
3.81%
Cap Rate
0.58
DSCR
$2,622
Rent
-$941
Cashflow
Cash Flow
$2,622 income − $3,563 expenses = $941 out of pocket
Investment Breakdown
|
Purchase Price
$369k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,490
Downpayment
20%
$73,800
Closing costs
1%
$3,690
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,622
Total Expenses
$3,563
Mortgage P&I
77%
$2,008
Property Taxes
20%
$534
Home Insurance
5%
$129
HOA
0%
$0
Property Management
12%
$315
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$288