This property looks like a bad Mid-Term investment with a projected -1.23% first-year return on $93,999 initial cash invested.
-1.23%
Cash On Cash
6.26%
Cap Rate
1.02
DSCR
$3,144
Rent
-$96
Cashflow
Cash Flow
$3,144 income − $3,240 expenses = $96 out of pocket
Investment Breakdown
|
Purchase Price
$362k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,999
Downpayment
20%
$72,380
Closing costs
1%
$3,619
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,144
Total Expenses
$3,240
Mortgage P&I
59%
$1,858
Property Taxes
6%
$191
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$377
CapEx
4%
$126
Vacancy
3%
$94
Maintenance
4%
$126
Other
11%
$346