This property looks like a bad Mid-Term investment with a projected -10.89% first-year return on $95,028 initial cash invested.
-10.89%
Cash On Cash
3.97%
Cap Rate
0.62
DSCR
$2,986
Rent
-$862
Cashflow
Cash Flow
$2,986 income − $3,848 expenses = $862 out of pocket
Investment Breakdown
|
Purchase Price
$367k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,028
Downpayment
20%
$73,360
Closing costs
1%
$3,668
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,986
Total Expenses
$3,848
Mortgage P&I
66%
$1,957
Property Taxes
24%
$721
Home Insurance
4%
$131
HOA
1%
$25
Property Management
12%
$358
CapEx
4%
$119
Vacancy
3%
$90
Maintenance
4%
$119
Other
11%
$328