This property looks like a bad Mid-Term investment with a projected -0.22% first-year return on $94,020 initial cash invested.
-0.22%
Cash On Cash
6.78%
Cap Rate
1.06
DSCR
$3,360
Rent
-$17
Cashflow
Cash Flow
$3,360 income − $3,377 expenses = $17 out of pocket
Investment Breakdown
|
Purchase Price
$362k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,360
Total Expenses
$3,377
Mortgage P&I
57%
$1,927
Property Taxes
5%
$181
Home Insurance
4%
$127
HOA
0%
$0
Property Management
12%
$403
CapEx
4%
$134
Vacancy
3%
$101
Maintenance
4%
$134
Other
11%
$370