This property looks like a bad Mid-Term investment with a projected -5.52% first-year return on $92,361 initial cash invested.
-5.52%
Cash On Cash
5.5%
Cap Rate
0.84
DSCR
$2,708
Rent
-$425
Cashflow
Cash Flow
$2,708 income − $3,133 expenses = $425 out of pocket
Investment Breakdown
|
Purchase Price
$354k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,361
Downpayment
20%
$70,820
Closing costs
1%
$3,541
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,708
Total Expenses
$3,133
Mortgage P&I
72%
$1,939
Property Taxes
5%
$146
Home Insurance
5%
$128
HOA
0%
$0
Property Management
12%
$325
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$298