This property looks like a bad Mid-Term investment with a projected -5.29% first-year return on $94,083 initial cash invested.
-5.29%
Cash On Cash
5.4%
Cap Rate
0.84
DSCR
$2,828
Rent
-$415
Cashflow
Cash Flow
$2,828 income − $3,243 expenses = $415 out of pocket
Investment Breakdown
|
Purchase Price
$362k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,083
Downpayment
20%
$72,460
Closing costs
1%
$3,623
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,828
Total Expenses
$3,243
Mortgage P&I
68%
$1,931
Property Taxes
8%
$218
Home Insurance
5%
$133
HOA
0%
$0
Property Management
12%
$339
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$311