This property looks like a bad Mid-Term investment with a projected -4.02% first-year return on $93,831 initial cash invested.
-4.02%
Cash On Cash
5.37%
Cap Rate
0.89
DSCR
$2,625
Rent
-$314
Cashflow
Cash Flow
$2,625 income − $2,939 expenses = $314 out of pocket
Investment Breakdown
|
Purchase Price
$361k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,831
Downpayment
20%
$72,220
Closing costs
1%
$3,611
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,625
Total Expenses
$2,939
Mortgage P&I
69%
$1,824
Property Taxes
3%
$87
Home Insurance
5%
$135
HOA
0%
$0
Property Management
12%
$315
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$289