This property looks like a bad Mid-Term investment with a projected -2.31% first-year return on $94,650 initial cash invested.
-2.31%
Cash On Cash
6.32%
Cap Rate
0.98
DSCR
$3,588
Rent
-$182
Cashflow
Cash Flow
$3,588 income − $3,770 expenses = $182 out of pocket
Investment Breakdown
|
Purchase Price
$365k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,588
Total Expenses
$3,770
Mortgage P&I
55%
$1,960
Property Taxes
12%
$445
Home Insurance
4%
$128
HOA
0%
$15
Property Management
12%
$431
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$395