This property looks like a bad Mid-Term investment with a projected -1.38% first-year return on $93,159 initial cash invested.
-1.38%
Cash On Cash
6.4%
Cap Rate
1.01
DSCR
$3,232
Rent
-$107
Cashflow
Cash Flow
$3,232 income − $3,339 expenses = $107 out of pocket
Investment Breakdown
|
Purchase Price
$358k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,159
Downpayment
20%
$71,580
Closing costs
1%
$3,579
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,232
Total Expenses
$3,339
Mortgage P&I
58%
$1,888
Property Taxes
7%
$224
Home Insurance
4%
$128
HOA
0%
$0
Property Management
12%
$388
CapEx
4%
$129
Vacancy
3%
$97
Maintenance
4%
$129
Other
11%
$356