This property looks like a bad Mid-Term investment with a projected -5.28% first-year return on $93,369 initial cash invested.
-5.28%
Cash On Cash
5.51%
Cap Rate
0.85
DSCR
$2,793
Rent
-$411
Cashflow
Cash Flow
$2,793 income − $3,204 expenses = $411 out of pocket
Investment Breakdown
|
Purchase Price
$359k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,369
Downpayment
20%
$71,780
Closing costs
1%
$3,589
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,793
Total Expenses
$3,204
Mortgage P&I
70%
$1,948
Property Taxes
6%
$166
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$335
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$307