This property looks like a bad Mid-Term investment with a projected -0.57% first-year return on $94,398 initial cash invested.
-0.57%
Cash On Cash
7.09%
Cap Rate
1.05
DSCR
$3,744
Rent
-$45
Cashflow
Cash Flow
$3,744 income − $3,789 expenses = $45 out of pocket
Investment Breakdown
|
Purchase Price
$364k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,398
Downpayment
20%
$72,760
Closing costs
1%
$3,638
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,744
Total Expenses
$3,789
Mortgage P&I
55%
$2,045
Property Taxes
9%
$340
Home Insurance
4%
$131
HOA
0%
$0
Property Management
12%
$449
CapEx
4%
$150
Vacancy
3%
$112
Maintenance
4%
$150
Other
11%
$412