This property looks like a bad Mid-Term investment with a projected -1.27% first-year return on $95,280 initial cash invested.
-1.27%
Cash On Cash
6.43%
Cap Rate
1.01
DSCR
$3,220
Rent
-$101
Cashflow
Cash Flow
$3,220 income − $3,321 expenses = $101 out of pocket
Investment Breakdown
|
Purchase Price
$368k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,280
Downpayment
20%
$73,600
Closing costs
1%
$3,680
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,220
Total Expenses
$3,321
Mortgage P&I
60%
$1,944
Property Taxes
5%
$153
Home Insurance
4%
$129
HOA
0%
$0
Property Management
12%
$386
CapEx
4%
$129
Vacancy
3%
$97
Maintenance
4%
$129
Other
11%
$354