This property looks like a bad Mid-Term investment with a projected -5.67% first-year return on $95,322 initial cash invested.
-5.67%
Cash On Cash
5.53%
Cap Rate
0.84
DSCR
$3,080
Rent
-$450
Cashflow
Cash Flow
$3,080 income − $3,530 expenses = $450 out of pocket
Investment Breakdown
|
Purchase Price
$368k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,322
Downpayment
20%
$73,640
Closing costs
1%
$3,682
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,080
Total Expenses
$3,530
Mortgage P&I
66%
$2,023
Property Taxes
11%
$329
Home Insurance
4%
$131
HOA
0%
$0
Property Management
12%
$370
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$339