This property looks like a bad Mid-Term investment with a projected -0.61% first-year return on $93,096 initial cash invested.
-0.61%
Cash On Cash
6.81%
Cap Rate
1.06
DSCR
$3,903
Rent
-$47
Cashflow
Cash Flow
$3,903 income − $3,950 expenses = $47 out of pocket
Investment Breakdown
|
Purchase Price
$358k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,096
Downpayment
20%
$71,520
Closing costs
1%
$3,576
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,903
Total Expenses
$3,950
Mortgage P&I
49%
$1,921
Property Taxes
15%
$575
Home Insurance
3%
$128
HOA
0%
$0
Property Management
12%
$468
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$429