This property looks like a bad Mid-Term investment with a projected -4.75% first-year return on $94,230 initial cash invested.
-4.75%
Cash On Cash
6.02%
Cap Rate
0.88
DSCR
$3,160
Rent
-$373
Cashflow
Cash Flow
$3,160 income − $3,533 expenses = $373 out of pocket
Investment Breakdown
|
Purchase Price
$363k
Downpayment
20.0%
Interest Rate
7.7%
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
$3,160
Total Expenses
$3,533
Mortgage P&I
65%
$2,068
Property Taxes
8%
$260
Home Insurance
4%
$131
HOA
0%
$0
Property Management
12%
$379
CapEx
4%
$126
Vacancy
3%
$95
Maintenance
4%
$126
Other
11%
$348