This property looks like a bad Mid-Term investment with a projected -0.9% first-year return on $94,650 initial cash invested.
-0.9%
Cash On Cash
6.47%
Cap Rate
1.04
DSCR
$3,562
Rent
-$71
Cashflow
Cash Flow
$3,562 income − $3,633 expenses = $71 out of pocket
Investment Breakdown
|
Purchase Price
$365k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,650
Downpayment
20%
$73,000
Closing costs
1%
$3,650
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,562
Total Expenses
$3,633
Mortgage P&I
53%
$1,898
Property Taxes
11%
$397
Home Insurance
4%
$128
HOA
0%
$0
Property Management
12%
$427
CapEx
4%
$142
Vacancy
3%
$107
Maintenance
4%
$142
Other
11%
$392