This property looks like a bad Mid-Term investment with a projected -4.23% first-year return on $94,419 initial cash invested.
-4.23%
Cash On Cash
5.96%
Cap Rate
0.9
DSCR
$3,198
Rent
-$333
Cashflow
Cash Flow
$3,198 income − $3,531 expenses = $333 out of pocket
Investment Breakdown
|
Purchase Price
$364k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,419
Downpayment
20%
$72,780
Closing costs
1%
$3,639
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,198
Total Expenses
$3,531
Mortgage P&I
63%
$2,011
Property Taxes
10%
$305
Home Insurance
4%
$127
HOA
0%
$0
Property Management
12%
$384
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$352