This property looks like a bad Mid-Term investment with a projected -5.5% first-year return on $93,159 initial cash invested.
-5.5%
Cash On Cash
5.72%
Cap Rate
0.85
DSCR
$2,919
Rent
-$427
Cashflow
Cash Flow
$2,919 income − $3,346 expenses = $427 out of pocket
Investment Breakdown
|
Purchase Price
$358k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,159
Downpayment
20%
$71,580
Closing costs
1%
$3,579
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,919
Total Expenses
$3,346
Mortgage P&I
69%
$2,015
Property Taxes
5%
$145
Home Insurance
4%
$126
HOA
2%
$67
Property Management
12%
$350
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$321