This property looks like a bad Mid-Term investment with a projected -4.58% first-year return on $93,054 initial cash invested.
-4.58%
Cash On Cash
5.87%
Cap Rate
0.89
DSCR
$3,314
Rent
-$355
Cashflow
Cash Flow
$3,314 income − $3,669 expenses = $355 out of pocket
Investment Breakdown
|
Purchase Price
$357k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,054
Downpayment
20%
$71,480
Closing costs
1%
$3,574
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,314
Total Expenses
$3,669
Mortgage P&I
59%
$1,970
Property Taxes
9%
$290
Home Insurance
4%
$131
HOA
5%
$150
Property Management
12%
$398
CapEx
4%
$133
Vacancy
3%
$99
Maintenance
4%
$133
Other
11%
$365