This property looks like a bad Mid-Term investment with a projected -6.09% first-year return on $93,747 initial cash invested.
-6.09%
Cash On Cash
5.56%
Cap Rate
0.82
DSCR
$2,949
Rent
-$476
Cashflow
Cash Flow
$2,949 income − $3,425 expenses = $476 out of pocket
Investment Breakdown
|
Purchase Price
$361k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,747
Downpayment
20%
$72,140
Closing costs
1%
$3,607
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,949
Total Expenses
$3,425
Mortgage P&I
69%
$2,030
Property Taxes
9%
$265
Home Insurance
4%
$128
HOA
0%
$0
Property Management
12%
$354
CapEx
4%
$118
Vacancy
3%
$88
Maintenance
4%
$118
Other
11%
$324