This property looks like a bad Mid-Term investment with a projected -0.79% first-year return on $94,671 initial cash invested.
-0.79%
Cash On Cash
6.85%
Cap Rate
1.05
DSCR
$3,880
Rent
-$62
Cashflow
Cash Flow
$3,880 income − $3,942 expenses = $62 out of pocket
Investment Breakdown
|
Purchase Price
$365k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,671
Downpayment
20%
$73,020
Closing costs
1%
$3,651
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,880
Total Expenses
$3,942
Mortgage P&I
51%
$1,991
Property Taxes
12%
$464
Home Insurance
4%
$168
HOA
0%
$0
Property Management
12%
$466
CapEx
4%
$155
Vacancy
3%
$116
Maintenance
4%
$155
Other
11%
$427