This property looks like a bad Mid-Term investment with a projected -5.45% first-year return on $94,965 initial cash invested.
-5.45%
Cash On Cash
5.12%
Cap Rate
0.83
DSCR
$2,709
Rent
-$431
Cashflow
Cash Flow
$2,709 income − $3,140 expenses = $431 out of pocket
Investment Breakdown
|
Purchase Price
$367k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,965
Downpayment
20%
$73,300
Closing costs
1%
$3,665
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,709
Total Expenses
$3,140
Mortgage P&I
70%
$1,887
Property Taxes
7%
$200
Home Insurance
5%
$133
HOA
0%
$0
Property Management
12%
$325
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$298