This property looks like a bad Mid-Term investment with a projected -6.9% first-year return on $93,390 initial cash invested.
-6.9%
Cash On Cash
5.17%
Cap Rate
0.78
DSCR
$2,794
Rent
-$537
Cashflow
Cash Flow
$2,794 income − $3,331 expenses = $537 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
$2,794
Total Expenses
$3,331
Mortgage P&I
71%
$1,971
Property Taxes
10%
$284
Home Insurance
5%
$126
HOA
0%
$0
Property Management
12%
$335
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$307