This property looks like a bad Mid-Term investment with a projected -4.25% first-year return on $94,797 initial cash invested.
-4.25%
Cash On Cash
5.87%
Cap Rate
0.89
DSCR
$3,062
Rent
-$336
Cashflow
Cash Flow
$3,062 income − $3,398 expenses = $336 out of pocket
Investment Breakdown
|
Purchase Price
$366k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,797
Downpayment
20%
$73,140
Closing costs
1%
$3,657
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,062
Total Expenses
$3,398
Mortgage P&I
65%
$2,003
Property Taxes
6%
$177
Home Insurance
5%
$149
HOA
1%
$29
Property Management
12%
$367
CapEx
4%
$122
Vacancy
3%
$92
Maintenance
4%
$122
Other
11%
$337