This property looks like a bad Mid-Term investment with a projected -2.8% first-year return on $92,991 initial cash invested.
-2.8%
Cash On Cash
6.05%
Cap Rate
0.95
DSCR
$3,026
Rent
-$217
Cashflow
Cash Flow
$3,026 income − $3,243 expenses = $217 out of pocket
Investment Breakdown
|
Purchase Price
$357k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,991
Downpayment
20%
$71,420
Closing costs
1%
$3,571
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,026
Total Expenses
$3,243
Mortgage P&I
63%
$1,897
Property Taxes
6%
$191
Home Insurance
4%
$126
HOA
0%
$0
Property Management
12%
$363
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$333