This property looks like a bad Mid-Term investment with a projected -1.33% first-year return on $92,886 initial cash invested.
-1.33%
Cash On Cash
6.51%
Cap Rate
1.02
DSCR
$3,516
Rent
-$103
Cashflow
Cash Flow
$3,516 income − $3,619 expenses = $103 out of pocket
Investment Breakdown
|
Purchase Price
$357k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,886
Downpayment
20%
$71,320
Closing costs
1%
$3,566
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,516
Total Expenses
$3,619
Mortgage P&I
54%
$1,898
Property Taxes
10%
$349
Home Insurance
4%
$128
HOA
1%
$48
Property Management
12%
$422
CapEx
4%
$141
Vacancy
3%
$105
Maintenance
4%
$141
Other
11%
$387