This property looks like a bad Mid-Term investment with a projected -4.01% first-year return on $93,705 initial cash invested.
-4.01%
Cash On Cash
5.51%
Cap Rate
0.9
DSCR
$3,238
Rent
-$313
Cashflow
Cash Flow
$3,238 income − $3,551 expenses = $313 out of pocket
Investment Breakdown
|
Purchase Price
$361k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,705
Downpayment
20%
$72,100
Closing costs
1%
$3,605
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,238
Total Expenses
$3,551
Mortgage P&I
57%
$1,839
Property Taxes
15%
$491
Home Insurance
4%
$119
HOA
0%
$0
Property Management
12%
$389
CapEx
4%
$130
Vacancy
3%
$97
Maintenance
4%
$130
Other
11%
$356