This property looks like a bad Mid-Term investment with a projected -6.18% first-year return on $94,566 initial cash invested.
-6.18%
Cash On Cash
4.85%
Cap Rate
0.8
DSCR
$2,700
Rent
-$487
Cashflow
Cash Flow
$2,700 income − $3,187 expenses = $487 out of pocket
Investment Breakdown
|
Purchase Price
$365k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,566
Downpayment
20%
$72,920
Closing costs
1%
$3,646
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,700
Total Expenses
$3,187
Mortgage P&I
69%
$1,854
Property Taxes
11%
$284
Home Insurance
5%
$131
HOA
0%
$0
Property Management
12%
$324
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$297