This property looks like a bad Mid-Term investment with a projected -11.4% first-year return on $92,844 initial cash invested.
-11.4%
Cash On Cash
4.03%
Cap Rate
0.6
DSCR
$2,380
Rent
-$882
Cashflow
Cash Flow
$2,380 income − $3,262 expenses = $882 out of pocket
Investment Breakdown
|
Purchase Price
$356k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,844
Downpayment
20%
$71,280
Closing costs
1%
$3,564
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,380
Total Expenses
$3,262
Mortgage P&I
83%
$1,985
Property Taxes
14%
$340
Home Insurance
5%
$128
HOA
0%
$0
Property Management
12%
$286
CapEx
4%
$95
Vacancy
3%
$71
Maintenance
4%
$95
Other
11%
$262