This property looks like a bad Mid-Term investment with a projected -1.31% first-year return on $93,264 initial cash invested.
-1.31%
Cash On Cash
6.47%
Cap Rate
1.01
DSCR
$3,132
Rent
-$102
Cashflow
Cash Flow
$3,132 income − $3,234 expenses = $102 out of pocket
Investment Breakdown
|
Purchase Price
$358k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,264
Downpayment
20%
$71,680
Closing costs
1%
$3,584
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,132
Total Expenses
$3,234
Mortgage P&I
61%
$1,908
Property Taxes
4%
$135
Home Insurance
4%
$126
HOA
0%
$0
Property Management
12%
$376
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$345