This property looks like a bad Mid-Term investment with a projected -0.52% first-year return on $93,789 initial cash invested.
-0.52%
Cash On Cash
6.97%
Cap Rate
1.05
DSCR
$3,594
Rent
-$41
Cashflow
Cash Flow
$3,594 income − $3,635 expenses = $41 out of pocket
Investment Breakdown
|
Purchase Price
$361k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,789
Downpayment
20%
$72,180
Closing costs
1%
$3,609
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,594
Total Expenses
$3,635
Mortgage P&I
55%
$1,994
Property Taxes
9%
$331
Home Insurance
2%
$88
HOA
0%
$0
Property Management
12%
$431
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$395