This property looks like a bad Mid-Term investment with a projected -1.07% first-year return on $94,209 initial cash invested.
-1.07%
Cash On Cash
6.37%
Cap Rate
1.04
DSCR
$3,744
Rent
-$84
Cashflow
Cash Flow
$3,744 income − $3,828 expenses = $84 out of pocket
Investment Breakdown
|
Purchase Price
$363k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,209
Downpayment
20%
$72,580
Closing costs
1%
$3,629
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,744
Total Expenses
$3,828
Mortgage P&I
50%
$1,859
Property Taxes
15%
$574
Home Insurance
3%
$122
HOA
0%
$0
Property Management
12%
$449
CapEx
4%
$150
Vacancy
3%
$112
Maintenance
4%
$150
Other
11%
$412