This property looks like a bad Mid-Term investment with a projected -3.12% first-year return on $94,650 initial cash invested.
-3.12%
Cash On Cash
6.17%
Cap Rate
0.94
DSCR
$3,412
Rent
-$246
Cashflow
Cash Flow
$3,412 income − $3,658 expenses = $246 out of pocket
Investment Breakdown
|
Purchase Price
$365k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,650
Downpayment
20%
$73,000
Closing costs
1%
$3,650
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,412
Total Expenses
$3,658
Mortgage P&I
58%
$1,986
Property Taxes
9%
$291
Home Insurance
4%
$128
HOA
3%
$95
Property Management
12%
$409
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$375