This property looks like a bad Mid-Term investment with a projected -2.02% first-year return on $94,020 initial cash invested.
-2.02%
Cash On Cash
6.49%
Cap Rate
1
DSCR
$3,836
Rent
-$158
Cashflow
Cash Flow
$3,836 income − $3,994 expenses = $158 out of pocket
Investment Breakdown
|
Purchase Price
$362k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,020
Downpayment
20%
$72,400
Closing costs
1%
$3,620
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,836
Total Expenses
$3,994
Mortgage P&I
51%
$1,963
Property Taxes
16%
$601
Home Insurance
3%
$127
HOA
0%
$0
Property Management
12%
$460
CapEx
4%
$153
Vacancy
3%
$115
Maintenance
4%
$153
Other
11%
$422