This property looks like a bad Mid-Term investment with a projected -2% first-year return on $95,301 initial cash invested.
-2%
Cash On Cash
6.5%
Cap Rate
1
DSCR
$3,930
Rent
-$159
Cashflow
Cash Flow
$3,930 income − $4,089 expenses = $159 out of pocket
Investment Breakdown
|
Purchase Price
$368k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,301
Downpayment
20%
$73,620
Closing costs
1%
$3,681
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,930
Total Expenses
$4,089
Mortgage P&I
51%
$1,997
Property Taxes
16%
$628
Home Insurance
3%
$128
HOA
0%
$0
Property Management
12%
$472
CapEx
4%
$157
Vacancy
3%
$118
Maintenance
4%
$157
Other
11%
$432