This property looks like a bad Mid-Term investment with a projected -5.88% first-year return on $93,243 initial cash invested.
-5.88%
Cash On Cash
5.34%
Cap Rate
0.83
DSCR
$2,968
Rent
-$457
Cashflow
Cash Flow
$2,968 income − $3,425 expenses = $457 out of pocket
Investment Breakdown
|
Purchase Price
$358k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,243
Downpayment
20%
$71,660
Closing costs
1%
$3,583
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,968
Total Expenses
$3,425
Mortgage P&I
65%
$1,932
Property Taxes
12%
$348
Home Insurance
5%
$136
HOA
0%
$0
Property Management
12%
$356
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$326