This property looks like a bad Mid-Term investment with a projected -0.74% first-year return on $93,936 initial cash invested.
-0.74%
Cash On Cash
6.99%
Cap Rate
1.05
DSCR
$3,876
Rent
-$58
Cashflow
Cash Flow
$3,876 income − $3,934 expenses = $58 out of pocket
Investment Breakdown
|
Purchase Price
$362k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,936
Downpayment
20%
$72,320
Closing costs
1%
$3,616
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,876
Total Expenses
$3,934
Mortgage P&I
52%
$2,010
Property Taxes
12%
$477
Home Insurance
3%
$130
HOA
0%
$0
Property Management
12%
$465
CapEx
4%
$155
Vacancy
3%
$116
Maintenance
4%
$155
Other
11%
$426