This property looks like a bad Mid-Term investment with a projected -2.14% first-year return on $95,322 initial cash invested.
-2.14%
Cash On Cash
6.42%
Cap Rate
0.99
DSCR
$3,538
Rent
-$170
Cashflow
Cash Flow
$3,538 income − $3,708 expenses = $170 out of pocket
Investment Breakdown
|
Purchase Price
$368k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,322
Downpayment
20%
$73,640
Closing costs
1%
$3,682
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,538
Total Expenses
$3,708
Mortgage P&I
56%
$1,997
Property Taxes
10%
$338
Home Insurance
4%
$131
HOA
1%
$38
Property Management
12%
$425
CapEx
4%
$142
Vacancy
3%
$106
Maintenance
4%
$142
Other
11%
$389