This property looks like a bad Mid-Term investment with a projected -3.75% first-year return on $94,650 initial cash invested.
-3.75%
Cash On Cash
5.64%
Cap Rate
0.91
DSCR
$2,934
Rent
-$296
Cashflow
Cash Flow
$2,934 income − $3,230 expenses = $296 out of pocket
Investment Breakdown
|
Purchase Price
$365k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,650
Downpayment
20%
$73,000
Closing costs
1%
$3,650
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,934
Total Expenses
$3,230
Mortgage P&I
65%
$1,896
Property Taxes
7%
$209
Home Insurance
4%
$128
HOA
0%
$0
Property Management
12%
$352
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$323