This property looks like a bad Mid-Term investment with a projected -2.5% first-year return on $93,957 initial cash invested.
-2.5%
Cash On Cash
5.74%
Cap Rate
0.96
DSCR
$3,244
Rent
-$196
Cashflow
Cash Flow
$3,244 income − $3,440 expenses = $196 out of pocket
Investment Breakdown
|
Purchase Price
$362k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,957
Downpayment
20%
$72,340
Closing costs
1%
$3,617
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,244
Total Expenses
$3,440
Mortgage P&I
55%
$1,797
Property Taxes
13%
$409
Home Insurance
4%
$131
HOA
0%
$0
Property Management
12%
$389
CapEx
4%
$130
Vacancy
3%
$97
Maintenance
4%
$130
Other
11%
$357