This property looks like a bad Mid-Term investment with a projected -6.32% first-year return on $94,419 initial cash invested.
-6.32%
Cash On Cash
5.38%
Cap Rate
0.81
DSCR
$2,724
Rent
-$497
Cashflow
Cash Flow
$2,724 income − $3,221 expenses = $497 out of pocket
Investment Breakdown
|
Purchase Price
$364k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,419
Downpayment
20%
$72,780
Closing costs
1%
$3,639
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,724
Total Expenses
$3,221
Mortgage P&I
74%
$2,020
Property Taxes
5%
$144
Home Insurance
5%
$130
HOA
0%
$0
Property Management
12%
$327
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$300