This property looks like a bad Mid-Term investment with a projected -4.82% first-year return on $92,340 initial cash invested.
-4.82%
Cash On Cash
5.55%
Cap Rate
0.86
DSCR
$2,688
Rent
-$371
Cashflow
Cash Flow
$2,688 income − $3,059 expenses = $371 out of pocket
Investment Breakdown
|
Purchase Price
$354k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,340
Downpayment
20%
$70,800
Closing costs
1%
$3,540
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,688
Total Expenses
$3,059
Mortgage P&I
71%
$1,899
Property Taxes
4%
$120
Home Insurance
5%
$124
HOA
0%
$0
Property Management
12%
$323
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$296