This property looks like a bad Mid-Term investment with a projected -2.69% first-year return on $95,448 initial cash invested.
-2.69%
Cash On Cash
6.25%
Cap Rate
0.96
DSCR
$3,200
Rent
-$214
Cashflow
Cash Flow
$3,200 income − $3,414 expenses = $214 out of pocket
Investment Breakdown
|
Purchase Price
$369k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,448
Downpayment
20%
$73,760
Closing costs
1%
$3,688
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,200
Total Expenses
$3,414
Mortgage P&I
63%
$2,007
Property Taxes
6%
$186
Home Insurance
4%
$133
HOA
0%
$0
Property Management
12%
$384
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$352