This property looks like a bad Mid-Term investment with a projected -1.73% first-year return on $92,865 initial cash invested.
-1.73%
Cash On Cash
6.87%
Cap Rate
1.01
DSCR
$3,918
Rent
-$134
Cashflow
Cash Flow
$3,918 income − $4,052 expenses = $134 out of pocket
Investment Breakdown
|
Purchase Price
$357k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,865
Downpayment
20%
$71,300
Closing costs
1%
$3,565
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,918
Total Expenses
$4,052
Mortgage P&I
52%
$2,018
Property Taxes
15%
$573
Home Insurance
3%
$128
HOA
0%
$0
Property Management
12%
$470
CapEx
4%
$157
Vacancy
3%
$118
Maintenance
4%
$157
Other
11%
$431