This property looks like a bad Mid-Term investment with a projected -2.97% first-year return on $93,726 initial cash invested.
-2.97%
Cash On Cash
5.9%
Cap Rate
0.94
DSCR
$3,018
Rent
-$232
Cashflow
Cash Flow
$3,018 income − $3,250 expenses = $232 out of pocket
Investment Breakdown
|
Purchase Price
$361k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,726
Downpayment
20%
$72,120
Closing costs
1%
$3,606
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,018
Total Expenses
$3,250
Mortgage P&I
62%
$1,883
Property Taxes
7%
$207
Home Insurance
4%
$133
HOA
0%
$0
Property Management
12%
$362
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$332