This property looks like a bad Mid-Term investment with a projected -5.31% first-year return on $94,440 initial cash invested.
-5.31%
Cash On Cash
5.22%
Cap Rate
0.83
DSCR
$2,498
Rent
-$418
Cashflow
Cash Flow
$2,498 income − $2,916 expenses = $418 out of pocket
Investment Breakdown
|
Purchase Price
$364k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,440
Downpayment
20%
$72,800
Closing costs
1%
$3,640
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,498
Total Expenses
$2,916
Mortgage P&I
76%
$1,902
Property Taxes
1%
$37
Home Insurance
5%
$127
HOA
0%
$0
Property Management
12%
$300
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$275