This property looks like a bad Mid-Term investment with a projected -6.18% first-year return on $93,957 initial cash invested.
-6.18%
Cash On Cash
5.54%
Cap Rate
0.83
DSCR
$3,273
Rent
-$484
Cashflow
Cash Flow
$3,273 income − $3,757 expenses = $484 out of pocket
Investment Breakdown
|
Purchase Price
$362k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,957
Downpayment
20%
$72,340
Closing costs
1%
$3,617
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,273
Total Expenses
$3,757
Mortgage P&I
62%
$2,023
Property Taxes
15%
$493
Home Insurance
4%
$128
HOA
0%
$0
Property Management
12%
$393
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$360