This property looks like a bad Mid-Term investment with a projected -2.28% first-year return on $93,117 initial cash invested.
-2.28%
Cash On Cash
5.96%
Cap Rate
0.97
DSCR
$2,926
Rent
-$177
Cashflow
Cash Flow
$2,926 income − $3,103 expenses = $177 out of pocket
Investment Breakdown
|
Purchase Price
$358k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,117
Downpayment
20%
$71,540
Closing costs
1%
$3,577
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,926
Total Expenses
$3,103
Mortgage P&I
63%
$1,837
Property Taxes
5%
$143
Home Insurance
4%
$128
HOA
0%
$0
Property Management
12%
$351
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$322