This property looks like a bad Mid-Term investment with a projected -2.84% first-year return on $93,033 initial cash invested.
-2.84%
Cash On Cash
5.83%
Cap Rate
0.95
DSCR
$3,198
Rent
-$220
Cashflow
Cash Flow
$3,198 income − $3,418 expenses = $220 out of pocket
Investment Breakdown
|
Purchase Price
$357k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,033
Downpayment
20%
$71,460
Closing costs
1%
$3,573
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,198
Total Expenses
$3,418
Mortgage P&I
57%
$1,828
Property Taxes
12%
$369
Home Insurance
4%
$133
HOA
0%
$0
Property Management
12%
$384
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$352