This property looks like a bad Mid-Term investment with a projected -1.06% first-year return on $93,075 initial cash invested.
-1.06%
Cash On Cash
6.36%
Cap Rate
1.02
DSCR
$3,052
Rent
-$82
Cashflow
Cash Flow
$3,052 income − $3,134 expenses = $82 out of pocket
Investment Breakdown
|
Purchase Price
$358k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,075
Downpayment
20%
$71,500
Closing costs
1%
$3,575
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,052
Total Expenses
$3,134
Mortgage P&I
61%
$1,855
Property Taxes
4%
$115
Home Insurance
4%
$126
HOA
0%
$0
Property Management
12%
$366
CapEx
4%
$122
Vacancy
3%
$92
Maintenance
4%
$122
Other
11%
$336