This property looks like a bad Mid-Term investment with a projected -1.05% first-year return on $93,453 initial cash invested.
-1.05%
Cash On Cash
6.87%
Cap Rate
1.04
DSCR
$3,945
Rent
-$82
Cashflow
Cash Flow
$3,945 income − $4,027 expenses = $82 out of pocket
Investment Breakdown
|
Purchase Price
$359k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,453
Downpayment
20%
$71,860
Closing costs
1%
$3,593
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,945
Total Expenses
$4,027
Mortgage P&I
50%
$1,980
Property Taxes
14%
$545
Home Insurance
4%
$144
HOA
0%
$17
Property Management
12%
$473
CapEx
4%
$158
Vacancy
3%
$118
Maintenance
4%
$158
Other
11%
$434