This property looks like a bad Mid-Term investment with a projected -5.45% first-year return on $94,234 initial cash invested.
-5.45%
Cash On Cash
5.61%
Cap Rate
0.84
DSCR
$2,804
Rent
-$428
Cashflow
Cash Flow
$2,804 income − $3,232 expenses = $428 out of pocket
Investment Breakdown
|
Purchase Price
$363k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,234
Downpayment
20%
$72,604
Closing costs
1%
$3,630
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,804
Total Expenses
$3,232
Mortgage P&I
72%
$2,014
Property Taxes
5%
$139
Home Insurance
5%
$127
HOA
0%
$0
Property Management
12%
$336
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$308