This property looks like a bad Mid-Term investment with a projected -6.63% first-year return on $95,511 initial cash invested.
-6.63%
Cash On Cash
5.31%
Cap Rate
0.8
DSCR
$2,928
Rent
-$528
Cashflow
Cash Flow
$2,928 income − $3,456 expenses = $528 out of pocket
Investment Breakdown
|
Purchase Price
$369k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,511
Downpayment
20%
$73,820
Closing costs
1%
$3,691
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,928
Total Expenses
$3,456
Mortgage P&I
70%
$2,043
Property Taxes
10%
$285
Home Insurance
5%
$133
HOA
0%
$0
Property Management
12%
$351
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$322