This property looks like a bad Mid-Term investment with a projected -5.85% first-year return on $92,508 initial cash invested.
-5.85%
Cash On Cash
5.24%
Cap Rate
0.82
DSCR
$2,614
Rent
-$451
Cashflow
Cash Flow
$2,614 income − $3,065 expenses = $451 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,508
Downpayment
20%
$70,960
Closing costs
1%
$3,548
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,614
Total Expenses
$3,065
Mortgage P&I
72%
$1,894
Property Taxes
6%
$157
Home Insurance
5%
$124
HOA
0%
$0
Property Management
12%
$314
CapEx
4%
$105
Vacancy
3%
$78
Maintenance
4%
$105
Other
11%
$288