This property looks like a bad Mid-Term investment with a projected -2.3% first-year return on $94,629 initial cash invested.
-2.3%
Cash On Cash
6.34%
Cap Rate
0.97
DSCR
$3,062
Rent
-$181
Cashflow
Cash Flow
$3,062 income − $3,243 expenses = $181 out of pocket
Investment Breakdown
|
Purchase Price
$365k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,629
Downpayment
20%
$72,980
Closing costs
1%
$3,649
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,062
Total Expenses
$3,243
Mortgage P&I
65%
$1,988
Property Taxes
3%
$87
Home Insurance
4%
$128
HOA
0%
$0
Property Management
12%
$367
CapEx
4%
$122
Vacancy
3%
$92
Maintenance
4%
$122
Other
11%
$337