This property looks like a bad Mid-Term investment with a projected -2.07% first-year return on $93,180 initial cash invested.
-2.07%
Cash On Cash
6.62%
Cap Rate
0.99
DSCR
$3,489
Rent
-$161
Cashflow
Cash Flow
$3,489 income − $3,650 expenses = $161 out of pocket
Investment Breakdown
|
Purchase Price
$358k
Downpayment
20.0%
Interest Rate
7.5%
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
$3,489
Total Expenses
$3,650
Mortgage P&I
57%
$1,997
Property Taxes
10%
$340
Home Insurance
4%
$125
HOA
0%
$0
Property Management
12%
$419
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$384