This property looks like a bad Mid-Term investment with a projected -4.38% first-year return on $95,532 initial cash invested.
-4.38%
Cash On Cash
5.39%
Cap Rate
0.87
DSCR
$2,698
Rent
-$349
Cashflow
Cash Flow
$2,698 income − $3,047 expenses = $349 out of pocket
Investment Breakdown
|
Purchase Price
$369k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,532
Downpayment
20%
$73,840
Closing costs
1%
$3,692
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,698
Total Expenses
$3,047
Mortgage P&I
70%
$1,900
Property Taxes
4%
$96
Home Insurance
5%
$133
HOA
0%
$0
Property Management
12%
$324
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$297