This property looks like a bad Mid-Term investment with a projected -3.83% first-year return on $93,306 initial cash invested.
-3.83%
Cash On Cash
5.55%
Cap Rate
0.9
DSCR
$2,931
Rent
-$298
Cashflow
Cash Flow
$2,931 income − $3,229 expenses = $298 out of pocket
Investment Breakdown
|
Purchase Price
$359k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,306
Downpayment
20%
$71,720
Closing costs
1%
$3,586
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,931
Total Expenses
$3,229
Mortgage P&I
63%
$1,841
Property Taxes
9%
$264
Home Insurance
4%
$128
HOA
0%
$0
Property Management
12%
$352
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$322