This property looks like a bad Mid-Term investment with a projected -9.09% first-year return on $93,369 initial cash invested.
-9.09%
Cash On Cash
4.63%
Cap Rate
0.7
DSCR
$3,117
Rent
-$707
Cashflow
Cash Flow
$3,117 income − $3,824 expenses = $707 out of pocket
Investment Breakdown
|
Purchase Price
$359k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,369
Downpayment
20%
$71,780
Closing costs
1%
$3,589
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,117
Total Expenses
$3,824
Mortgage P&I
63%
$1,966
Property Taxes
15%
$480
Home Insurance
4%
$130
HOA
6%
$187
Property Management
12%
$374
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$343