This property looks like a bad Mid-Term investment with a projected -6.97% first-year return on $94,986 initial cash invested.
-6.97%
Cash On Cash
4.89%
Cap Rate
0.78
DSCR
$3,082
Rent
-$552
Cashflow
Cash Flow
$3,082 income − $3,634 expenses = $552 out of pocket
Investment Breakdown
|
Purchase Price
$367k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,986
Downpayment
20%
$73,320
Closing costs
1%
$3,666
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,082
Total Expenses
$3,634
Mortgage P&I
62%
$1,924
Property Taxes
17%
$511
Home Insurance
5%
$152
HOA
0%
$0
Property Management
12%
$370
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$339