This property looks like a bad Mid-Term investment with a projected -2.18% first-year return on $95,280 initial cash invested.
-2.18%
Cash On Cash
6.51%
Cap Rate
0.98
DSCR
$3,549
Rent
-$173
Cashflow
Cash Flow
$3,549 income − $3,722 expenses = $173 out of pocket
Investment Breakdown
|
Purchase Price
$368k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,280
Downpayment
20%
$73,600
Closing costs
1%
$3,680
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,549
Total Expenses
$3,722
Mortgage P&I
57%
$2,026
Property Taxes
10%
$361
Home Insurance
4%
$129
HOA
0%
$0
Property Management
12%
$426
CapEx
4%
$142
Vacancy
3%
$106
Maintenance
4%
$142
Other
11%
$390