This property looks like a bad Mid-Term investment with a projected -5.99% first-year return on $94,923 initial cash invested.
-5.99%
Cash On Cash
5.04%
Cap Rate
0.81
DSCR
$2,968
Rent
-$474
Cashflow
Cash Flow
$2,968 income − $3,442 expenses = $474 out of pocket
Investment Breakdown
|
Purchase Price
$366k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,923
Downpayment
20%
$73,260
Closing costs
1%
$3,663
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,968
Total Expenses
$3,442
Mortgage P&I
64%
$1,892
Property Taxes
14%
$412
Home Insurance
4%
$129
HOA
0%
$0
Property Management
12%
$356
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$326