This property looks like a bad Mid-Term investment with a projected -1.87% first-year return on $94,125 initial cash invested.
-1.87%
Cash On Cash
6.56%
Cap Rate
0.99
DSCR
$3,129
Rent
-$147
Cashflow
Cash Flow
$3,129 income − $3,276 expenses = $147 out of pocket
Investment Breakdown
|
Purchase Price
$363k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,125
Downpayment
20%
$72,500
Closing costs
1%
$3,625
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,129
Total Expenses
$3,276
Mortgage P&I
64%
$2,003
Property Taxes
3%
$81
Home Insurance
4%
$129
HOA
0%
$0
Property Management
12%
$375
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$344