This property looks like a bad Mid-Term investment with a projected -6.45% first-year return on $94,167 initial cash invested.
-6.45%
Cash On Cash
5.28%
Cap Rate
0.8
DSCR
$2,925
Rent
-$506
Cashflow
Cash Flow
$2,925 income − $3,431 expenses = $506 out of pocket
Investment Breakdown
|
Purchase Price
$363k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,167
Downpayment
20%
$72,540
Closing costs
1%
$3,627
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,925
Total Expenses
$3,431
Mortgage P&I
68%
$1,985
Property Taxes
11%
$322
Home Insurance
4%
$129
HOA
0%
$0
Property Management
12%
$351
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$322