This property looks like a bad Mid-Term investment with a projected -4.98% first-year return on $93,222 initial cash invested.
-4.98%
Cash On Cash
5.3%
Cap Rate
0.85
DSCR
$2,613
Rent
-$387
Cashflow
Cash Flow
$2,613 income − $3,000 expenses = $387 out of pocket
Investment Breakdown
|
Purchase Price
$358k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,222
Downpayment
20%
$71,640
Closing costs
1%
$3,582
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,613
Total Expenses
$3,000
Mortgage P&I
71%
$1,863
Property Taxes
4%
$115
Home Insurance
5%
$133
HOA
0%
$0
Property Management
12%
$314
CapEx
4%
$105
Vacancy
3%
$78
Maintenance
4%
$105
Other
11%
$287