This property looks like a bad Mid-Term investment with a projected -1.35% first-year return on $93,117 initial cash invested.
-1.35%
Cash On Cash
6.45%
Cap Rate
1.01
DSCR
$2,936
Rent
-$105
Cashflow
Cash Flow
$2,936 income − $3,041 expenses = $105 out of pocket
Investment Breakdown
|
Purchase Price
$358k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,936
Total Expenses
$3,041
Mortgage P&I
65%
$1,910
Property Taxes
0%
$9
Home Insurance
4%
$125
HOA
0%
$0
Property Management
12%
$352
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$323