This property looks like a bad Mid-Term investment with a projected -6.88% first-year return on $94,062 initial cash invested.
-6.88%
Cash On Cash
4.75%
Cap Rate
0.77
DSCR
$2,691
Rent
-$539
Cashflow
Cash Flow
$2,691 income − $3,230 expenses = $539 out of pocket
Investment Breakdown
|
Purchase Price
$362k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,062
Downpayment
20%
$72,440
Closing costs
1%
$3,622
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,691
Total Expenses
$3,230
Mortgage P&I
69%
$1,866
Property Taxes
12%
$336
Home Insurance
4%
$112
HOA
0%
$0
Property Management
12%
$323
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$296