This property looks like a bad Mid-Term investment with a projected -3.9% first-year return on $93,285 initial cash invested.
-3.9%
Cash On Cash
5.81%
Cap Rate
0.9
DSCR
$2,780
Rent
-$303
Cashflow
Cash Flow
$2,780 income − $3,083 expenses = $303 out of pocket
Investment Breakdown
|
Purchase Price
$359k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,285
Downpayment
20%
$71,700
Closing costs
1%
$3,585
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,780
Total Expenses
$3,083
Mortgage P&I
69%
$1,929
Property Taxes
3%
$83
Home Insurance
5%
$126
HOA
0%
$0
Property Management
12%
$334
CapEx
4%
$111
Vacancy
3%
$83
Maintenance
4%
$111
Other
11%
$306