This property looks like a bad Mid-Term investment with a projected -3.91% first-year return on $94,503 initial cash invested.
-3.91%
Cash On Cash
6.07%
Cap Rate
0.91
DSCR
$3,087
Rent
-$308
Cashflow
Cash Flow
$3,087 income − $3,395 expenses = $308 out of pocket
Investment Breakdown
|
Purchase Price
$364k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,503
Downpayment
20%
$72,860
Closing costs
1%
$3,643
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,087
Total Expenses
$3,395
Mortgage P&I
66%
$2,029
Property Taxes
6%
$174
Home Insurance
5%
$143
HOA
0%
$0
Property Management
12%
$370
CapEx
4%
$123
Vacancy
3%
$93
Maintenance
4%
$123
Other
11%
$340