This property looks like a bad Mid-Term investment with a projected -2.16% first-year return on $94,944 initial cash invested.
-2.16%
Cash On Cash
5.99%
Cap Rate
0.98
DSCR
$3,207
Rent
-$171
Cashflow
Cash Flow
$3,207 income − $3,378 expenses = $171 out of pocket
Investment Breakdown
|
Purchase Price
$366k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,944
Downpayment
20%
$73,280
Closing costs
1%
$3,664
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,207
Total Expenses
$3,378
Mortgage P&I
58%
$1,872
Property Taxes
9%
$286
Home Insurance
4%
$130
HOA
0%
$0
Property Management
12%
$385
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$353