This property looks like a bad Mid-Term investment with a projected -4.83% first-year return on $94,482 initial cash invested.
-4.83%
Cash On Cash
5.71%
Cap Rate
0.87
DSCR
$3,056
Rent
-$380
Cashflow
Cash Flow
$3,056 income − $3,436 expenses = $380 out of pocket
Investment Breakdown
|
Purchase Price
$364k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,482
Downpayment
20%
$72,840
Closing costs
1%
$3,642
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,056
Total Expenses
$3,436
Mortgage P&I
65%
$1,991
Property Taxes
9%
$276
Home Insurance
4%
$130
HOA
0%
$0
Property Management
12%
$367
CapEx
4%
$122
Vacancy
3%
$92
Maintenance
4%
$122
Other
11%
$336