This property looks like a bad Mid-Term investment with a projected -14.16% first-year return on $93,390 initial cash invested.
-14.16%
Cash On Cash
3.2%
Cap Rate
0.48
DSCR
$1,719
Rent
-$1,102
Cashflow
Cash Flow
$1,719 income − $2,821 expenses = $1,102 out of pocket
Investment Breakdown
|
Purchase Price
$359k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,719
Total Expenses
$2,821
Mortgage P&I
116%
$1,990
Property Taxes
7%
$120
Home Insurance
7%
$126
HOA
0%
$0
Property Management
12%
$206
CapEx
4%
$69
Vacancy
3%
$52
Maintenance
4%
$69
Other
11%
$189