This property looks like a bad Mid-Term investment with a projected -4% first-year return on $94,734 initial cash invested.
-4%
Cash On Cash
5.91%
Cap Rate
0.91
DSCR
$3,454
Rent
-$316
Cashflow
Cash Flow
$3,454 income − $3,770 expenses = $316 out of pocket
Investment Breakdown
|
Purchase Price
$365k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,734
Downpayment
20%
$73,080
Closing costs
1%
$3,654
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,454
Total Expenses
$3,770
Mortgage P&I
57%
$1,977
Property Taxes
14%
$470
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$414
CapEx
4%
$138
Vacancy
3%
$104
Maintenance
4%
$138
Other
11%
$380