This property looks like a bad Mid-Term investment with a projected -4.42% first-year return on $94,482 initial cash invested.
-4.42%
Cash On Cash
5.8%
Cap Rate
0.89
DSCR
$3,138
Rent
-$348
Cashflow
Cash Flow
$3,138 income − $3,486 expenses = $348 out of pocket
Investment Breakdown
|
Purchase Price
$364k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,482
Downpayment
20%
$72,840
Closing costs
1%
$3,642
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,138
Total Expenses
$3,486
Mortgage P&I
63%
$1,983
Property Taxes
9%
$273
Home Insurance
5%
$149
HOA
0%
$13
Property Management
12%
$377
CapEx
4%
$126
Vacancy
3%
$94
Maintenance
4%
$126
Other
11%
$345