This property looks like a bad Mid-Term investment with a projected -6.4% first-year return on $93,768 initial cash invested.
-6.4%
Cash On Cash
5.15%
Cap Rate
0.8
DSCR
$2,822
Rent
-$500
Cashflow
Cash Flow
$2,822 income − $3,322 expenses = $500 out of pocket
Investment Breakdown
|
Purchase Price
$361k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,768
Downpayment
20%
$72,160
Closing costs
1%
$3,608
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,822
Total Expenses
$3,322
Mortgage P&I
69%
$1,936
Property Taxes
10%
$294
Home Insurance
5%
$132
HOA
0%
$0
Property Management
12%
$339
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$310