This property looks like a bad Mid-Term investment with a projected -7.55% first-year return on $94,251 initial cash invested.
-7.55%
Cash On Cash
4.99%
Cap Rate
0.76
DSCR
$2,782
Rent
-$593
Cashflow
Cash Flow
$2,782 income − $3,375 expenses = $593 out of pocket
Investment Breakdown
|
Purchase Price
$363k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,251
Downpayment
20%
$72,620
Closing costs
1%
$3,631
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,782
Total Expenses
$3,375
Mortgage P&I
72%
$1,991
Property Taxes
11%
$309
Home Insurance
5%
$130
HOA
0%
$0
Property Management
12%
$334
CapEx
4%
$111
Vacancy
3%
$83
Maintenance
4%
$111
Other
11%
$306