This property looks like a bad Mid-Term investment with a projected -4.37% first-year return on $95,488 initial cash invested.
-4.37%
Cash On Cash
5.86%
Cap Rate
0.89
DSCR
$2,937
Rent
-$348
Cashflow
Cash Flow
$2,937 income − $3,285 expenses = $348 out of pocket
Investment Breakdown
|
Purchase Price
$369k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,488
Downpayment
20%
$73,798
Closing costs
1%
$3,690
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,937
Total Expenses
$3,285
Mortgage P&I
69%
$2,033
Property Taxes
4%
$126
Home Insurance
4%
$129
HOA
0%
$0
Property Management
12%
$352
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$323