This property looks like a bad Mid-Term investment with a projected -5.84% first-year return on $94,923 initial cash invested.
-5.84%
Cash On Cash
5.04%
Cap Rate
0.81
DSCR
$2,814
Rent
-$462
Cashflow
Cash Flow
$2,814 income − $3,276 expenses = $462 out of pocket
Investment Breakdown
|
Purchase Price
$366k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,923
Downpayment
20%
$73,260
Closing costs
1%
$3,663
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,814
Total Expenses
$3,276
Mortgage P&I
67%
$1,886
Property Taxes
11%
$301
Home Insurance
5%
$131
HOA
0%
$0
Property Management
12%
$338
CapEx
4%
$113
Vacancy
3%
$84
Maintenance
4%
$113
Other
11%
$310