This property looks like a bad Mid-Term investment with a projected -4.4% first-year return on $92,823 initial cash invested.
-4.4%
Cash On Cash
5.98%
Cap Rate
0.9
DSCR
$3,436
Rent
-$340
Cashflow
Cash Flow
$3,436 income − $3,776 expenses = $340 out of pocket
Investment Breakdown
|
Purchase Price
$356k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,823
Downpayment
20%
$71,260
Closing costs
1%
$3,563
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,436
Total Expenses
$3,776
Mortgage P&I
58%
$1,978
Property Taxes
15%
$505
Home Insurance
4%
$126
HOA
0%
$0
Property Management
12%
$412
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$378