This property looks like a bad Mid-Term investment with a projected -5.64% first-year return on $93,894 initial cash invested.
-5.64%
Cash On Cash
5.67%
Cap Rate
0.85
DSCR
$3,630
Rent
-$441
Cashflow
Cash Flow
$3,630 income − $4,071 expenses = $441 out of pocket
Investment Breakdown
|
Purchase Price
$361k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,894
Downpayment
20%
$72,280
Closing costs
1%
$3,614
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,630
Total Expenses
$4,071
Mortgage P&I
55%
$2,005
Property Taxes
19%
$702
Home Insurance
4%
$130
HOA
0%
$0
Property Management
12%
$436
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$399