This property looks like a bad Mid-Term investment with a projected -1.85% first-year return on $94,482 initial cash invested.
-1.85%
Cash On Cash
6.02%
Cap Rate
0.99
DSCR
$3,146
Rent
-$146
Cashflow
Cash Flow
$3,146 income − $3,292 expenses = $146 out of pocket
Investment Breakdown
|
Purchase Price
$364k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,482
Downpayment
20%
$72,840
Closing costs
1%
$3,642
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,146
Total Expenses
$3,292
Mortgage P&I
59%
$1,848
Property Taxes
7%
$221
Home Insurance
4%
$130
HOA
1%
$23
Property Management
12%
$378
CapEx
4%
$126
Vacancy
3%
$94
Maintenance
4%
$126
Other
11%
$346