This property looks like a bad Mid-Term investment with a projected -7.16% first-year return on $94,629 initial cash invested.
-7.16%
Cash On Cash
5.23%
Cap Rate
0.78
DSCR
$2,721
Rent
-$565
Cashflow
Cash Flow
$2,721 income − $3,286 expenses = $565 out of pocket
Investment Breakdown
|
Purchase Price
$365k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,721
Total Expenses
$3,286
Mortgage P&I
75%
$2,046
Property Taxes
7%
$186
Home Insurance
5%
$128
HOA
0%
$0
Property Management
12%
$327
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$299