This property looks like a bad Mid-Term investment with a projected -7.07% first-year return on $94,860 initial cash invested.
-7.07%
Cash On Cash
5.35%
Cap Rate
0.79
DSCR
$3,032
Rent
-$559
Cashflow
Cash Flow
$3,032 income − $3,591 expenses = $559 out of pocket
Investment Breakdown
|
Purchase Price
$366k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,860
Downpayment
20%
$73,200
Closing costs
1%
$3,660
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,032
Total Expenses
$3,591
Mortgage P&I
68%
$2,070
Property Taxes
5%
$162
Home Insurance
4%
$128
HOA
7%
$200
Property Management
12%
$364
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$334