This property looks like a bad Mid-Term investment with a projected -2.03% first-year return on $93,369 initial cash invested.
-2.03%
Cash On Cash
6.64%
Cap Rate
1
DSCR
$4,018
Rent
-$158
Cashflow
Cash Flow
$4,018 income − $4,176 expenses = $158 out of pocket
Investment Breakdown
|
Purchase Price
$359k
Downpayment
20.0%
Interest Rate
7.4%
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
$4,018
Total Expenses
$4,176
Mortgage P&I
49%
$1,983
Property Taxes
17%
$693
Home Insurance
3%
$133
HOA
0%
$0
Property Management
12%
$482
CapEx
4%
$161
Vacancy
3%
$121
Maintenance
4%
$161
Other
11%
$442