This property looks like a bad Mid-Term investment with a projected -3.51% first-year return on $95,028 initial cash invested.
-3.51%
Cash On Cash
6.14%
Cap Rate
0.93
DSCR
$3,213
Rent
-$278
Cashflow
Cash Flow
$3,213 income − $3,491 expenses = $278 out of pocket
Investment Breakdown
|
Purchase Price
$367k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,028
Downpayment
20%
$73,360
Closing costs
1%
$3,668
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,213
Total Expenses
$3,491
Mortgage P&I
63%
$2,027
Property Taxes
7%
$240
Home Insurance
4%
$131
HOA
0%
$0
Property Management
12%
$386
CapEx
4%
$129
Vacancy
3%
$96
Maintenance
4%
$129
Other
11%
$353