This property looks like a bad Mid-Term investment with a projected -4.99% first-year return on $92,172 initial cash invested.
-4.99%
Cash On Cash
5.82%
Cap Rate
0.87
DSCR
$3,244
Rent
-$383
Cashflow
Cash Flow
$3,244 income − $3,627 expenses = $383 out of pocket
Investment Breakdown
|
Purchase Price
$353k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,172
Downpayment
20%
$70,640
Closing costs
1%
$3,532
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,244
Total Expenses
$3,627
Mortgage P&I
61%
$1,965
Property Taxes
13%
$437
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$389
CapEx
4%
$130
Vacancy
3%
$97
Maintenance
4%
$130
Other
11%
$357