This property looks like a bad Mid-Term investment with a projected -13.04% first-year return on $94,209 initial cash invested.
-13.04%
Cash On Cash
3.45%
Cap Rate
0.53
DSCR
$2,096
Rent
-$1,024
Cashflow
Cash Flow
$2,096 income − $3,120 expenses = $1,024 out of pocket
Investment Breakdown
|
Purchase Price
$363k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,209
Downpayment
20%
$72,580
Closing costs
1%
$3,629
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,096
Total Expenses
$3,120
Mortgage P&I
95%
$1,984
Property Taxes
14%
$294
Home Insurance
6%
$128
HOA
0%
$0
Property Management
12%
$252
CapEx
4%
$84
Vacancy
3%
$63
Maintenance
4%
$84
Other
11%
$231