This property looks like a bad Mid-Term investment with a projected -4.24% first-year return on $94,230 initial cash invested.
-4.24%
Cash On Cash
5.49%
Cap Rate
0.89
DSCR
$3,142
Rent
-$333
Cashflow
Cash Flow
$3,142 income − $3,475 expenses = $333 out of pocket
Investment Breakdown
|
Purchase Price
$363k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,230
Downpayment
20%
$72,600
Closing costs
1%
$3,630
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,142
Total Expenses
$3,475
Mortgage P&I
59%
$1,869
Property Taxes
13%
$406
Home Insurance
4%
$131
HOA
0%
$0
Property Management
12%
$377
CapEx
4%
$126
Vacancy
3%
$94
Maintenance
4%
$126
Other
11%
$346