This property looks like a bad Mid-Term investment with a projected -0.69% first-year return on $93,390 initial cash invested.
-0.69%
Cash On Cash
6.9%
Cap Rate
1.04
DSCR
$3,354
Rent
-$54
Cashflow
Cash Flow
$3,354 income − $3,408 expenses = $54 out of pocket
Investment Breakdown
|
Purchase Price
$359k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,390
Downpayment
20%
$71,800
Closing costs
1%
$3,590
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,354
Total Expenses
$3,408
Mortgage P&I
59%
$1,984
Property Taxes
5%
$158
Home Insurance
4%
$126
HOA
0%
$0
Property Management
12%
$402
CapEx
4%
$134
Vacancy
3%
$101
Maintenance
4%
$134
Other
11%
$369