This property looks like a bad Mid-Term investment with a projected -10.46% first-year return on $94,272 initial cash invested.
-10.46%
Cash On Cash
4.21%
Cap Rate
0.63
DSCR
$2,194
Rent
-$822
Cashflow
Cash Flow
$2,194 income − $3,016 expenses = $822 out of pocket
Investment Breakdown
|
Purchase Price
$363k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,272
Downpayment
20%
$72,640
Closing costs
1%
$3,632
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,194
Total Expenses
$3,016
Mortgage P&I
91%
$2,007
Property Taxes
6%
$132
Home Insurance
6%
$131
HOA
0%
$0
Property Management
12%
$263
CapEx
4%
$88
Vacancy
3%
$66
Maintenance
4%
$88
Other
11%
$241