This property looks like a bad Mid-Term investment with a projected -0.8% first-year return on $92,928 initial cash invested.
-0.8%
Cash On Cash
6.41%
Cap Rate
1.03
DSCR
$3,033
Rent
-$62
Cashflow
Cash Flow
$3,033 income − $3,095 expenses = $62 out of pocket
Investment Breakdown
|
Purchase Price
$357k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,928
Downpayment
20%
$71,360
Closing costs
1%
$3,568
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,033
Total Expenses
$3,095
Mortgage P&I
61%
$1,847
Property Taxes
3%
$89
Home Insurance
4%
$128
HOA
0%
$0
Property Management
12%
$364
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$334