This property looks like a bad Mid-Term investment with a projected -2.68% first-year return on $93,222 initial cash invested.
-2.68%
Cash On Cash
6.26%
Cap Rate
0.96
DSCR
$3,216
Rent
-$208
Cashflow
Cash Flow
$3,216 income − $3,424 expenses = $208 out of pocket
Investment Breakdown
|
Purchase Price
$358k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,222
Downpayment
20%
$71,640
Closing costs
1%
$3,582
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,216
Total Expenses
$3,424
Mortgage P&I
61%
$1,947
Property Taxes
8%
$255
Home Insurance
4%
$128
HOA
0%
$0
Property Management
12%
$386
CapEx
4%
$129
Vacancy
3%
$96
Maintenance
4%
$129
Other
11%
$354