This property looks like a bad Mid-Term investment with a projected -1.38% first-year return on $94,734 initial cash invested.
-1.38%
Cash On Cash
6.51%
Cap Rate
1.01
DSCR
$3,214
Rent
-$109
Cashflow
Cash Flow
$3,214 income − $3,323 expenses = $109 out of pocket
Investment Breakdown
|
Purchase Price
$365k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,734
Downpayment
20%
$73,080
Closing costs
1%
$3,654
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,214
Total Expenses
$3,323
Mortgage P&I
61%
$1,962
Property Taxes
4%
$136
Home Insurance
4%
$131
HOA
0%
$0
Property Management
12%
$386
CapEx
4%
$129
Vacancy
3%
$96
Maintenance
4%
$129
Other
11%
$354