This property looks like a bad Mid-Term investment with a projected -1.52% first-year return on $94,608 initial cash invested.
-1.52%
Cash On Cash
6.87%
Cap Rate
1.02
DSCR
$3,795
Rent
-$120
Cashflow
Cash Flow
$3,795 income − $3,915 expenses = $120 out of pocket
Investment Breakdown
|
Purchase Price
$365k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,608
Downpayment
20%
$72,960
Closing costs
1%
$3,648
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,795
Total Expenses
$3,915
Mortgage P&I
54%
$2,057
Property Taxes
12%
$437
Home Insurance
3%
$131
HOA
0%
$0
Property Management
12%
$455
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$417