This property looks like a bad Mid-Term investment with a projected -12.03% first-year return on $94,062 initial cash invested.
-12.03%
Cash On Cash
3.53%
Cap Rate
0.55
DSCR
$1,770
Rent
-$943
Cashflow
Cash Flow
$1,770 income − $2,713 expenses = $943 out of pocket
Investment Breakdown
|
Purchase Price
$362k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,062
Downpayment
20%
$72,440
Closing costs
1%
$3,622
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,770
Total Expenses
$2,713
Mortgage P&I
109%
$1,936
Property Taxes
2%
$44
Home Insurance
7%
$131
HOA
0%
$0
Property Management
12%
$212
CapEx
4%
$71
Vacancy
3%
$53
Maintenance
4%
$71
Other
11%
$195