This property looks like a bad Mid-Term investment with a projected -8.19% first-year return on $95,385 initial cash invested.
-8.19%
Cash On Cash
4.56%
Cap Rate
0.72
DSCR
$2,444
Rent
-$651
Cashflow
Cash Flow
$2,444 income − $3,095 expenses = $651 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
$2,444
Total Expenses
$3,095
Mortgage P&I
80%
$1,952
Property Taxes
7%
$168
Home Insurance
6%
$136
HOA
0%
$8
Property Management
12%
$293
CapEx
4%
$98
Vacancy
3%
$73
Maintenance
4%
$98
Other
11%
$269