This property looks like a bad Mid-Term investment with a projected -2.88% first-year return on $94,944 initial cash invested.
-2.88%
Cash On Cash
6.23%
Cap Rate
0.96
DSCR
$3,578
Rent
-$228
Cashflow
Cash Flow
$3,578 income − $3,806 expenses = $228 out of pocket
Investment Breakdown
|
Purchase Price
$366k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,944
Downpayment
20%
$73,280
Closing costs
1%
$3,664
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,578
Total Expenses
$3,806
Mortgage P&I
56%
$1,987
Property Taxes
13%
$457
Home Insurance
4%
$129
HOA
0%
$17
Property Management
12%
$429
CapEx
4%
$143
Vacancy
3%
$107
Maintenance
4%
$143
Other
11%
$394