This property looks like a bad Mid-Term investment with a projected -2.66% first-year return on $93,390 initial cash invested.
-2.66%
Cash On Cash
6.23%
Cap Rate
0.96
DSCR
$3,308
Rent
-$207
Cashflow
Cash Flow
$3,308 income − $3,515 expenses = $207 out of pocket
Investment Breakdown
|
Purchase Price
$359k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,390
Downpayment
20%
$71,800
Closing costs
1%
$3,590
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,308
Total Expenses
$3,515
Mortgage P&I
59%
$1,939
Property Taxes
10%
$331
Home Insurance
4%
$121
HOA
0%
$0
Property Management
12%
$397
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$364