This property looks like a bad Mid-Term investment with a projected -5.95% first-year return on $93,369 initial cash invested.
-5.95%
Cash On Cash
5.09%
Cap Rate
0.82
DSCR
$2,943
Rent
-$463
Cashflow
Cash Flow
$2,943 income − $3,406 expenses = $463 out of pocket
Investment Breakdown
|
Purchase Price
$359k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,369
Downpayment
20%
$71,780
Closing costs
1%
$3,589
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,943
Total Expenses
$3,406
Mortgage P&I
63%
$1,866
Property Taxes
14%
$408
Home Insurance
4%
$131
HOA
0%
$0
Property Management
12%
$353
CapEx
4%
$118
Vacancy
3%
$88
Maintenance
4%
$118
Other
11%
$324