This property looks like a bad Mid-Term investment with a projected -2.42% first-year return on $94,650 initial cash invested.
-2.42%
Cash On Cash
6.42%
Cap Rate
0.98
DSCR
$3,932
Rent
-$191
Cashflow
Cash Flow
$3,932 income − $4,123 expenses = $191 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
$3,932
Total Expenses
$4,123
Mortgage P&I
51%
$1,988
Property Taxes
17%
$670
Home Insurance
3%
$128
HOA
0%
$0
Property Management
12%
$472
CapEx
4%
$157
Vacancy
3%
$118
Maintenance
4%
$157
Other
11%
$433