This property looks like a bad Mid-Term investment with a projected -3.45% first-year return on $93,180 initial cash invested.
-3.45%
Cash On Cash
5.67%
Cap Rate
0.92
DSCR
$2,942
Rent
-$268
Cashflow
Cash Flow
$2,942 income − $3,210 expenses = $268 out of pocket
Investment Breakdown
|
Purchase Price
$358k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,180
Downpayment
20%
$71,600
Closing costs
1%
$3,580
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,942
Total Expenses
$3,210
Mortgage P&I
63%
$1,842
Property Taxes
8%
$242
Home Insurance
4%
$125
HOA
0%
$0
Property Management
12%
$353
CapEx
4%
$118
Vacancy
3%
$88
Maintenance
4%
$118
Other
11%
$324