This property looks like a bad Mid-Term investment with a projected -7.44% first-year return on $95,280 initial cash invested.
-7.44%
Cash On Cash
5.14%
Cap Rate
0.77
DSCR
$2,692
Rent
-$591
Cashflow
Cash Flow
$2,692 income − $3,283 expenses = $591 out of pocket
Investment Breakdown
|
Purchase Price
$368k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,280
Downpayment
20%
$73,600
Closing costs
1%
$3,680
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,692
Total Expenses
$3,283
Mortgage P&I
76%
$2,058
Property Taxes
7%
$176
Home Insurance
5%
$129
HOA
0%
$4
Property Management
12%
$323
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$296