This property looks like a bad Mid-Term investment with a projected -4.79% first-year return on $94,230 initial cash invested.
-4.79%
Cash On Cash
5.76%
Cap Rate
0.87
DSCR
$2,804
Rent
-$376
Cashflow
Cash Flow
$2,804 income − $3,180 expenses = $376 out of pocket
Investment Breakdown
|
Purchase Price
$363k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,230
Downpayment
20%
$72,600
Closing costs
1%
$3,630
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,804
Total Expenses
$3,180
Mortgage P&I
72%
$2,006
Property Taxes
3%
$88
Home Insurance
5%
$130
HOA
0%
$4
Property Management
12%
$336
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$308