This property looks like a bad Mid-Term investment with a projected -1.17% first-year return on $94,398 initial cash invested.
-1.17%
Cash On Cash
6.29%
Cap Rate
1.02
DSCR
$3,189
Rent
-$92
Cashflow
Cash Flow
$3,189 income − $3,281 expenses = $92 out of pocket
Investment Breakdown
|
Purchase Price
$364k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,398
Downpayment
20%
$72,760
Closing costs
1%
$3,638
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,189
Total Expenses
$3,281
Mortgage P&I
59%
$1,872
Property Taxes
6%
$201
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$383
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$351