This property looks like a bad Mid-Term investment with a projected -0.7% first-year return on $92,949 initial cash invested.
-0.7%
Cash On Cash
6.86%
Cap Rate
1.06
DSCR
$4,064
Rent
-$54
Cashflow
Cash Flow
$4,064 income − $4,118 expenses = $54 out of pocket
Investment Breakdown
|
Purchase Price
$357k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,949
Downpayment
20%
$71,380
Closing costs
1%
$3,569
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,064
Total Expenses
$4,118
Mortgage P&I
48%
$1,931
Property Taxes
17%
$671
Home Insurance
3%
$133
HOA
0%
$0
Property Management
12%
$488
CapEx
4%
$163
Vacancy
3%
$122
Maintenance
4%
$163
Other
11%
$447