This property looks like a bad Mid-Term investment with a projected -5.13% first-year return on $94,293 initial cash invested.
-5.13%
Cash On Cash
5.48%
Cap Rate
0.86
DSCR
$3,074
Rent
-$403
Cashflow
Cash Flow
$3,074 income − $3,477 expenses = $403 out of pocket
Investment Breakdown
|
Purchase Price
$363k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,293
Downpayment
20%
$72,660
Closing costs
1%
$3,633
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,074
Total Expenses
$3,477
Mortgage P&I
63%
$1,940
Property Taxes
12%
$359
Home Insurance
4%
$133
HOA
0%
$0
Property Management
12%
$369
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$338