This property looks like a bad Mid-Term investment with a projected -5.14% first-year return on $95,553 initial cash invested.
-5.14%
Cash On Cash
5.19%
Cap Rate
0.85
DSCR
$2,932
Rent
-$409
Cashflow
Cash Flow
$2,932 income − $3,341 expenses = $409 out of pocket
Investment Breakdown
|
Purchase Price
$369k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,553
Downpayment
20%
$73,860
Closing costs
1%
$3,693
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,932
Total Expenses
$3,341
Mortgage P&I
64%
$1,889
Property Taxes
10%
$284
Home Insurance
4%
$131
HOA
1%
$40
Property Management
12%
$352
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$323