This property looks like a bad Mid-Term investment with a projected -0.23% first-year return on $93,390 initial cash invested.
-0.23%
Cash On Cash
6.88%
Cap Rate
1.05
DSCR
$3,126
Rent
-$18
Cashflow
Cash Flow
$3,126 income − $3,144 expenses = $18 out of pocket
Investment Breakdown
|
Purchase Price
$359k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,126
Total Expenses
$3,144
Mortgage P&I
62%
$1,951
Property Taxes
0%
$4
Home Insurance
4%
$126
HOA
0%
$0
Property Management
12%
$375
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$344