This property looks like a bad Mid-Term investment with a projected -3.13% first-year return on $95,007 initial cash invested.
-3.13%
Cash On Cash
6.06%
Cap Rate
0.95
DSCR
$3,531
Rent
-$248
Cashflow
Cash Flow
$3,531 income − $3,779 expenses = $248 out of pocket
Investment Breakdown
|
Purchase Price
$367k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,007
Downpayment
20%
$73,340
Closing costs
1%
$3,667
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,531
Total Expenses
$3,779
Mortgage P&I
55%
$1,958
Property Taxes
8%
$271
Home Insurance
3%
$122
HOA
6%
$228
Property Management
12%
$424
CapEx
4%
$141
Vacancy
3%
$106
Maintenance
4%
$141
Other
11%
$388