This property looks like a bad Mid-Term investment with a projected -6.26% first-year return on $93,180 initial cash invested.
-6.26%
Cash On Cash
4.95%
Cap Rate
0.79
DSCR
$2,432
Rent
-$486
Cashflow
Cash Flow
$2,432 income − $2,918 expenses = $486 out of pocket
Investment Breakdown
|
Purchase Price
$358k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,180
Downpayment
20%
$71,600
Closing costs
1%
$3,580
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,432
Total Expenses
$2,918
Mortgage P&I
77%
$1,866
Property Taxes
4%
$100
Home Insurance
5%
$125
HOA
0%
$0
Property Management
12%
$292
CapEx
4%
$97
Vacancy
3%
$73
Maintenance
4%
$97
Other
11%
$268