This property looks like a bad Mid-Term investment with a projected -1.82% first-year return on $93,390 initial cash invested.
-1.82%
Cash On Cash
6.54%
Cap Rate
0.99
DSCR
$3,062
Rent
-$142
Cashflow
Cash Flow
$3,062 income − $3,204 expenses = $142 out of pocket
Investment Breakdown
|
Purchase Price
$359k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,390
Downpayment
20%
$71,800
Closing costs
1%
$3,590
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,062
Total Expenses
$3,204
Mortgage P&I
65%
$1,978
Property Taxes
2%
$60
Home Insurance
4%
$126
HOA
0%
$0
Property Management
12%
$367
CapEx
4%
$122
Vacancy
3%
$92
Maintenance
4%
$122
Other
11%
$337