This property looks like a bad Mid-Term investment with a projected -4.08% first-year return on $92,361 initial cash invested.
-4.08%
Cash On Cash
5.88%
Cap Rate
0.9
DSCR
$2,946
Rent
-$314
Cashflow
Cash Flow
$2,946 income − $3,260 expenses = $314 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
$2,946
Total Expenses
$3,260
Mortgage P&I
66%
$1,932
Property Taxes
7%
$200
Home Insurance
4%
$126
HOA
0%
$0
Property Management
12%
$354
CapEx
4%
$118
Vacancy
3%
$88
Maintenance
4%
$118
Other
11%
$324