This property looks like a bad Mid-Term investment with a projected -3.43% first-year return on $94,503 initial cash invested.
-3.43%
Cash On Cash
6.05%
Cap Rate
0.93
DSCR
$3,348
Rent
-$270
Cashflow
Cash Flow
$3,348 income − $3,618 expenses = $270 out of pocket
Investment Breakdown
|
Purchase Price
$364k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,503
Downpayment
20%
$72,860
Closing costs
1%
$3,643
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,348
Total Expenses
$3,618
Mortgage P&I
59%
$1,972
Property Taxes
11%
$380
Home Insurance
4%
$128
HOA
0%
$0
Property Management
12%
$402
CapEx
4%
$134
Vacancy
3%
$100
Maintenance
4%
$134
Other
11%
$368