This property looks like a bad Mid-Term investment with a projected -9.05% first-year return on $93,999 initial cash invested.
-9.05%
Cash On Cash
4.79%
Cap Rate
0.71
DSCR
$3,006
Rent
-$709
Cashflow
Cash Flow
$3,006 income − $3,715 expenses = $709 out of pocket
Investment Breakdown
|
Purchase Price
$362k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,999
Downpayment
20%
$72,380
Closing costs
1%
$3,619
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,006
Total Expenses
$3,715
Mortgage P&I
68%
$2,034
Property Taxes
17%
$516
Home Insurance
4%
$129
HOA
0%
$14
Property Management
12%
$361
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$331