This property looks like a bad Mid-Term investment with a projected -4.58% first-year return on $93,705 initial cash invested.
-4.58%
Cash On Cash
5.98%
Cap Rate
0.89
DSCR
$3,556
Rent
-$358
Cashflow
Cash Flow
$3,556 income − $3,914 expenses = $358 out of pocket
Investment Breakdown
|
Purchase Price
$361k
Downpayment
20.0%
Interest Rate
7.5%
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
$3,556
Total Expenses
$3,914
Mortgage P&I
57%
$2,012
Property Taxes
12%
$410
Home Insurance
4%
$128
HOA
4%
$155
Property Management
12%
$427
CapEx
4%
$142
Vacancy
3%
$107
Maintenance
4%
$142
Other
11%
$391