This property looks like a bad Mid-Term investment with a projected -5.51% first-year return on $94,986 initial cash invested.
-5.51%
Cash On Cash
5.61%
Cap Rate
0.85
DSCR
$3,206
Rent
-$436
Cashflow
Cash Flow
$3,206 income − $3,642 expenses = $436 out of pocket
Investment Breakdown
|
Purchase Price
$367k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,986
Downpayment
20%
$73,320
Closing costs
1%
$3,666
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,206
Total Expenses
$3,642
Mortgage P&I
63%
$2,021
Property Taxes
12%
$391
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$385
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$353