This property looks like a bad Mid-Term investment with a projected -2.28% first-year return on $95,091 initial cash invested.
-2.28%
Cash On Cash
6.62%
Cap Rate
0.99
DSCR
$3,909
Rent
-$181
Cashflow
Cash Flow
$3,909 income − $4,090 expenses = $181 out of pocket
Investment Breakdown
|
Purchase Price
$367k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,091
Downpayment
20%
$73,420
Closing costs
1%
$3,671
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,909
Total Expenses
$4,090
Mortgage P&I
52%
$2,051
Property Taxes
15%
$580
Home Insurance
3%
$131
HOA
0%
$0
Property Management
12%
$469
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$430