This property looks like a bad Mid-Term investment with a projected -5.03% first-year return on $93,957 initial cash invested.
-5.03%
Cash On Cash
5.24%
Cap Rate
0.85
DSCR
$2,991
Rent
-$394
Cashflow
Cash Flow
$2,991 income − $3,385 expenses = $394 out of pocket
Investment Breakdown
|
Purchase Price
$362k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,991
Total Expenses
$3,385
Mortgage P&I
62%
$1,854
Property Taxes
13%
$384
Home Insurance
4%
$129
HOA
0%
$0
Property Management
12%
$359
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$329