This property looks like a bad Mid-Term investment with a projected -2.22% first-year return on $94,923 initial cash invested.
-2.22%
Cash On Cash
6.5%
Cap Rate
0.98
DSCR
$3,508
Rent
-$176
Cashflow
Cash Flow
$3,508 income − $3,684 expenses = $176 out of pocket
Investment Breakdown
|
Purchase Price
$366k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,923
Downpayment
20%
$73,260
Closing costs
1%
$3,663
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,508
Total Expenses
$3,684
Mortgage P&I
58%
$2,020
Property Taxes
9%
$324
Home Insurance
4%
$140
HOA
0%
$8
Property Management
12%
$421
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$386