This property looks like a bad Mid-Term investment with a projected -5.14% first-year return on $93,432 initial cash invested.
-5.14%
Cash On Cash
5.69%
Cap Rate
0.86
DSCR
$3,272
Rent
-$400
Cashflow
Cash Flow
$3,272 income − $3,672 expenses = $400 out of pocket
Investment Breakdown
|
Purchase Price
$359k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,432
Downpayment
20%
$71,840
Closing costs
1%
$3,592
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,272
Total Expenses
$3,672
Mortgage P&I
60%
$1,972
Property Taxes
12%
$382
Home Insurance
4%
$122
HOA
3%
$83
Property Management
12%
$393
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$360