This property looks like a bad Mid-Term investment with a projected -1.04% first-year return on $94,713 initial cash invested.
-1.04%
Cash On Cash
6.3%
Cap Rate
1.02
DSCR
$3,078
Rent
-$82
Cashflow
Cash Flow
$3,078 income − $3,160 expenses = $82 out of pocket
Investment Breakdown
|
Purchase Price
$365k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,713
Downpayment
20%
$73,060
Closing costs
1%
$3,653
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,078
Total Expenses
$3,160
Mortgage P&I
61%
$1,876
Property Taxes
4%
$108
Home Insurance
4%
$130
HOA
0%
$0
Property Management
12%
$369
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$339