This property looks like a bad Mid-Term investment with a projected -8.16% first-year return on $93,033 initial cash invested.
-8.16%
Cash On Cash
4.78%
Cap Rate
0.73
DSCR
$2,670
Rent
-$633
Cashflow
Cash Flow
$2,670 income − $3,303 expenses = $633 out of pocket
Investment Breakdown
|
Purchase Price
$357k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,033
Downpayment
20%
$71,460
Closing costs
1%
$3,573
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,670
Total Expenses
$3,303
Mortgage P&I
73%
$1,948
Property Taxes
12%
$321
Home Insurance
5%
$126
HOA
0%
$0
Property Management
12%
$320
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$294