This property looks like a bad Mid-Term investment with a projected -3.38% first-year return on $93,810 initial cash invested.
-3.38%
Cash On Cash
5.62%
Cap Rate
0.92
DSCR
$3,069
Rent
-$264
Cashflow
Cash Flow
$3,069 income − $3,333 expenses = $264 out of pocket
Investment Breakdown
|
Purchase Price
$361k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,810
Downpayment
20%
$72,200
Closing costs
1%
$3,610
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,069
Total Expenses
$3,333
Mortgage P&I
60%
$1,831
Property Taxes
11%
$329
Home Insurance
4%
$129
HOA
0%
$0
Property Management
12%
$368
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$338