This property looks like a bad Mid-Term investment with a projected -8.63% first-year return on $95,427 initial cash invested.
-8.63%
Cash On Cash
4.74%
Cap Rate
0.72
DSCR
$2,916
Rent
-$686
Cashflow
Cash Flow
$2,916 income − $3,602 expenses = $686 out of pocket
Investment Breakdown
|
Purchase Price
$369k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,427
Downpayment
20%
$73,740
Closing costs
1%
$3,687
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,916
Total Expenses
$3,602
Mortgage P&I
69%
$2,026
Property Taxes
16%
$468
Home Insurance
4%
$116
HOA
0%
$0
Property Management
12%
$350
CapEx
4%
$117
Vacancy
3%
$87
Maintenance
4%
$117
Other
11%
$321