This property looks like a bad Mid-Term investment with a projected -5.97% first-year return on $93,453 initial cash invested.
-5.97%
Cash On Cash
5.4%
Cap Rate
0.82
DSCR
$3,058
Rent
-$465
Cashflow
Cash Flow
$3,058 income − $3,523 expenses = $465 out of pocket
Investment Breakdown
|
Purchase Price
$359k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,453
Downpayment
20%
$71,860
Closing costs
1%
$3,593
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,058
Total Expenses
$3,523
Mortgage P&I
64%
$1,959
Property Taxes
13%
$393
Home Insurance
4%
$129
HOA
0%
$3
Property Management
12%
$367
CapEx
4%
$122
Vacancy
3%
$92
Maintenance
4%
$122
Other
11%
$336