This property looks like a bad Mid-Term investment with a projected -5.58% first-year return on $94,356 initial cash invested.
-5.58%
Cash On Cash
5.03%
Cap Rate
0.82
DSCR
$2,541
Rent
-$439
Cashflow
Cash Flow
$2,541 income − $2,980 expenses = $439 out of pocket
Investment Breakdown
|
Purchase Price
$364k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,356
Downpayment
20%
$72,720
Closing costs
1%
$3,636
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,541
Total Expenses
$2,980
Mortgage P&I
73%
$1,861
Property Taxes
5%
$121
Home Insurance
5%
$133
HOA
0%
$0
Property Management
12%
$305
CapEx
4%
$102
Vacancy
3%
$76
Maintenance
4%
$102
Other
11%
$280