This property looks like a bad Mid-Term investment with a projected -2.42% first-year return on $94,377 initial cash invested.
-2.42%
Cash On Cash
6.18%
Cap Rate
0.97
DSCR
$3,438
Rent
-$190
Cashflow
Cash Flow
$3,438 income − $3,628 expenses = $190 out of pocket
Investment Breakdown
|
Purchase Price
$364k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,377
Downpayment
20%
$72,740
Closing costs
1%
$3,637
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,438
Total Expenses
$3,628
Mortgage P&I
56%
$1,924
Property Taxes
12%
$415
Home Insurance
3%
$119
HOA
0%
$0
Property Management
12%
$413
CapEx
4%
$138
Vacancy
3%
$103
Maintenance
4%
$138
Other
11%
$378