This property looks like a bad Mid-Term investment with a projected -5.09% first-year return on $94,230 initial cash invested.
-5.09%
Cash On Cash
5.45%
Cap Rate
0.86
DSCR
$3,414
Rent
-$400
Cashflow
Cash Flow
$3,414 income − $3,814 expenses = $400 out of pocket
Investment Breakdown
|
Purchase Price
$363k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,230
Downpayment
20%
$72,600
Closing costs
1%
$3,630
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,414
Total Expenses
$3,814
Mortgage P&I
56%
$1,913
Property Taxes
18%
$606
Home Insurance
4%
$133
HOA
0%
$0
Property Management
12%
$410
CapEx
4%
$137
Vacancy
3%
$102
Maintenance
4%
$137
Other
11%
$376