This property looks like a bad Mid-Term investment with a projected -1.9% first-year return on $94,629 initial cash invested.
-1.9%
Cash On Cash
6.48%
Cap Rate
0.99
DSCR
$3,470
Rent
-$150
Cashflow
Cash Flow
$3,470 income − $3,620 expenses = $150 out of pocket
Investment Breakdown
|
Purchase Price
$365k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,629
Downpayment
20%
$72,980
Closing costs
1%
$3,649
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,470
Total Expenses
$3,620
Mortgage P&I
57%
$1,980
Property Taxes
10%
$332
Home Insurance
4%
$128
HOA
0%
$0
Property Management
12%
$416
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$382