This property looks like a bad Mid-Term investment with a projected -3.03% first-year return on $95,133 initial cash invested.
-3.03%
Cash On Cash
6.45%
Cap Rate
0.96
DSCR
$3,998
Rent
-$240
Cashflow
Cash Flow
$3,998 income − $4,238 expenses = $240 out of pocket
Investment Breakdown
|
Purchase Price
$367k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,133
Downpayment
20%
$73,460
Closing costs
1%
$3,673
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,998
Total Expenses
$4,238
Mortgage P&I
51%
$2,054
Property Taxes
17%
$694
Home Insurance
3%
$130
HOA
0%
$0
Property Management
12%
$480
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$440