This property looks like a bad Mid-Term investment with a projected -2.38% first-year return on $93,222 initial cash invested.
-2.38%
Cash On Cash
6.39%
Cap Rate
0.97
DSCR
$3,152
Rent
-$185
Cashflow
Cash Flow
$3,152 income − $3,337 expenses = $185 out of pocket
Investment Breakdown
|
Purchase Price
$358k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,222
Downpayment
20%
$71,640
Closing costs
1%
$3,582
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,152
Total Expenses
$3,337
Mortgage P&I
62%
$1,965
Property Taxes
4%
$125
Home Insurance
4%
$125
HOA
2%
$50
Property Management
12%
$378
CapEx
4%
$126
Vacancy
3%
$95
Maintenance
4%
$126
Other
11%
$347