This property looks like a bad Mid-Term investment with a projected -5.42% first-year return on $93,201 initial cash invested.
-5.42%
Cash On Cash
5.31%
Cap Rate
0.84
DSCR
$2,812
Rent
-$421
Cashflow
Cash Flow
$2,812 income − $3,233 expenses = $421 out of pocket
Investment Breakdown
|
Purchase Price
$358k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,201
Downpayment
20%
$71,620
Closing costs
1%
$3,581
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,812
Total Expenses
$3,233
Mortgage P&I
67%
$1,893
Property Taxes
9%
$257
Home Insurance
5%
$129
HOA
0%
$0
Property Management
12%
$337
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$309