This property looks like a bad Mid-Term investment with a projected -0.4% first-year return on $93,012 initial cash invested.
-0.4%
Cash On Cash
6.91%
Cap Rate
1.05
DSCR
$3,360
Rent
-$31
Cashflow
Cash Flow
$3,360 income − $3,391 expenses = $31 out of pocket
Investment Breakdown
|
Purchase Price
$357k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,012
Downpayment
20%
$71,440
Closing costs
1%
$3,572
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,360
Total Expenses
$3,391
Mortgage P&I
58%
$1,955
Property Taxes
4%
$144
Home Insurance
3%
$117
HOA
1%
$33
Property Management
12%
$403
CapEx
4%
$134
Vacancy
3%
$101
Maintenance
4%
$134
Other
11%
$370