This property looks like a bad Mid-Term investment with a projected -6.05% first-year return on $95,385 initial cash invested.
-6.05%
Cash On Cash
5.26%
Cap Rate
0.82
DSCR
$3,246
Rent
-$481
Cashflow
Cash Flow
$3,246 income − $3,727 expenses = $481 out of pocket
Investment Breakdown
|
Purchase Price
$369k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,385
Downpayment
20%
$73,700
Closing costs
1%
$3,685
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,246
Total Expenses
$3,727
Mortgage P&I
61%
$1,967
Property Taxes
15%
$480
Home Insurance
5%
$170
HOA
0%
$6
Property Management
12%
$390
CapEx
4%
$130
Vacancy
3%
$97
Maintenance
4%
$130
Other
11%
$357