This property looks like a bad Mid-Term investment with a projected -2.68% first-year return on $93,180 initial cash invested.
-2.68%
Cash On Cash
6.31%
Cap Rate
0.97
DSCR
$3,582
Rent
-$208
Cashflow
Cash Flow
$3,582 income − $3,790 expenses = $208 out of pocket
Investment Breakdown
|
Purchase Price
$358k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,180
Downpayment
20%
$71,600
Closing costs
1%
$3,580
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,582
Total Expenses
$3,790
Mortgage P&I
54%
$1,948
Property Taxes
13%
$481
Home Insurance
4%
$129
HOA
0%
$15
Property Management
12%
$430
CapEx
4%
$143
Vacancy
3%
$107
Maintenance
4%
$143
Other
11%
$394