This property looks like a bad Mid-Term investment with a projected -12.03% first-year return on $95,553 initial cash invested.
-12.03%
Cash On Cash
3.98%
Cap Rate
0.59
DSCR
$2,830
Rent
-$958
Cashflow
Cash Flow
$2,830 income − $3,788 expenses = $958 out of pocket
Investment Breakdown
|
Purchase Price
$369k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,553
Downpayment
20%
$73,860
Closing costs
1%
$3,693
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,830
Total Expenses
$3,788
Mortgage P&I
73%
$2,069
Property Taxes
22%
$626
Home Insurance
5%
$131
HOA
0%
$0
Property Management
12%
$340
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$311