This property looks like a bad Mid-Term investment with a projected -0.75% first-year return on $93,894 initial cash invested.
-0.75%
Cash On Cash
6.77%
Cap Rate
1.05
DSCR
$4,000
Rent
-$59
Cashflow
Cash Flow
$4,000 income − $4,059 expenses = $59 out of pocket
Investment Breakdown
|
Purchase Price
$361k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,894
Downpayment
20%
$72,280
Closing costs
1%
$3,614
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,000
Total Expenses
$4,059
Mortgage P&I
48%
$1,939
Property Taxes
16%
$632
Home Insurance
3%
$128
HOA
0%
$0
Property Management
12%
$480
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$440