This property looks like a bad Mid-Term investment with a projected -3.52% first-year return on $93,096 initial cash invested.
-3.52%
Cash On Cash
5.67%
Cap Rate
0.91
DSCR
$2,898
Rent
-$273
Cashflow
Cash Flow
$2,898 income − $3,171 expenses = $273 out of pocket
Investment Breakdown
|
Purchase Price
$358k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,096
Downpayment
20%
$71,520
Closing costs
1%
$3,576
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,898
Total Expenses
$3,171
Mortgage P&I
64%
$1,846
Property Taxes
7%
$211
Home Insurance
4%
$128
HOA
0%
$0
Property Management
12%
$348
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$319