This property looks like a bad Mid-Term investment with a projected -2.67% first-year return on $93,936 initial cash invested.
-2.67%
Cash On Cash
6.21%
Cap Rate
0.97
DSCR
$3,752
Rent
-$209
Cashflow
Cash Flow
$3,752 income − $3,961 expenses = $209 out of pocket
Investment Breakdown
|
Purchase Price
$362k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,936
Downpayment
20%
$72,320
Closing costs
1%
$3,616
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,752
Total Expenses
$3,961
Mortgage P&I
51%
$1,930
Property Taxes
5%
$190
Home Insurance
4%
$145
HOA
11%
$420
Property Management
12%
$450
CapEx
4%
$150
Vacancy
3%
$113
Maintenance
4%
$150
Other
11%
$413