This property looks like a bad Mid-Term investment with a projected -4.57% first-year return on $94,041 initial cash invested.
-4.57%
Cash On Cash
5.78%
Cap Rate
0.88
DSCR
$3,102
Rent
-$358
Cashflow
Cash Flow
$3,102 income − $3,460 expenses = $358 out of pocket
Investment Breakdown
|
Purchase Price
$362k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,041
Downpayment
20%
$72,420
Closing costs
1%
$3,621
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,102
Total Expenses
$3,460
Mortgage P&I
64%
$1,979
Property Taxes
9%
$289
Home Insurance
4%
$131
HOA
0%
$7
Property Management
12%
$372
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$341