This property looks like a bad Mid-Term investment with a projected -4.24% first-year return on $93,327 initial cash invested.
-4.24%
Cash On Cash
5.84%
Cap Rate
0.9
DSCR
$3,549
Rent
-$330
Cashflow
Cash Flow
$3,549 income − $3,879 expenses = $330 out of pocket
Investment Breakdown
|
Purchase Price
$359k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,327
Downpayment
20%
$71,740
Closing costs
1%
$3,587
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,549
Total Expenses
$3,879
Mortgage P&I
54%
$1,933
Property Taxes
17%
$612
Home Insurance
4%
$128
HOA
0%
$0
Property Management
12%
$426
CapEx
4%
$142
Vacancy
3%
$106
Maintenance
4%
$142
Other
11%
$390