This property looks like a bad Mid-Term investment with a projected -3.06% first-year return on $94,167 initial cash invested.
-3.06%
Cash On Cash
5.75%
Cap Rate
0.94
DSCR
$3,166
Rent
-$240
Cashflow
Cash Flow
$3,166 income − $3,406 expenses = $240 out of pocket
Investment Breakdown
|
Purchase Price
$363k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,167
Downpayment
20%
$72,540
Closing costs
1%
$3,627
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,166
Total Expenses
$3,406
Mortgage P&I
58%
$1,850
Property Taxes
11%
$348
Home Insurance
4%
$131
HOA
0%
$0
Property Management
12%
$380
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$348