This property looks like a bad Mid-Term investment with a projected -1.93% first-year return on $94,566 initial cash invested.
-1.93%
Cash On Cash
6.48%
Cap Rate
0.99
DSCR
$3,201
Rent
-$152
Cashflow
Cash Flow
$3,201 income − $3,353 expenses = $152 out of pocket
Investment Breakdown
|
Purchase Price
$365k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,566
Downpayment
20%
$72,920
Closing costs
1%
$3,646
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,201
Total Expenses
$3,353
Mortgage P&I
62%
$1,994
Property Taxes
4%
$142
Home Insurance
4%
$129
HOA
0%
$0
Property Management
12%
$384
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$352