This property looks like a bad Mid-Term investment with a projected -0.85% first-year return on $95,574 initial cash invested.
-0.85%
Cash On Cash
6.75%
Cap Rate
1.04
DSCR
$3,558
Rent
-$68
Cashflow
Cash Flow
$3,558 income − $3,626 expenses = $68 out of pocket
Investment Breakdown
|
Purchase Price
$369k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,574
Downpayment
20%
$73,880
Closing costs
1%
$3,694
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,558
Total Expenses
$3,626
Mortgage P&I
56%
$2,005
Property Taxes
8%
$291
Home Insurance
3%
$114
HOA
0%
$7
Property Management
12%
$427
CapEx
4%
$142
Vacancy
3%
$107
Maintenance
4%
$142
Other
11%
$391