This property looks like a bad Mid-Term investment with a projected -5.33% first-year return on $93,831 initial cash invested.
-5.33%
Cash On Cash
5.49%
Cap Rate
0.85
DSCR
$2,955
Rent
-$417
Cashflow
Cash Flow
$2,955 income − $3,372 expenses = $417 out of pocket
Investment Breakdown
|
Purchase Price
$361k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,831
Downpayment
20%
$72,220
Closing costs
1%
$3,611
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,955
Total Expenses
$3,372
Mortgage P&I
66%
$1,950
Property Taxes
10%
$284
Home Insurance
5%
$133
HOA
0%
$0
Property Management
12%
$355
CapEx
4%
$118
Vacancy
3%
$89
Maintenance
4%
$118
Other
11%
$325