This property looks like a bad Mid-Term investment with a projected -5.14% first-year return on $92,277 initial cash invested.
-5.14%
Cash On Cash
5.67%
Cap Rate
0.86
DSCR
$2,802
Rent
-$395
Cashflow
Cash Flow
$2,802 income − $3,197 expenses = $395 out of pocket
Investment Breakdown
|
Purchase Price
$354k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,277
Downpayment
20%
$70,740
Closing costs
1%
$3,537
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,802
Total Expenses
$3,197
Mortgage P&I
70%
$1,954
Property Taxes
6%
$165
Home Insurance
5%
$126
HOA
0%
$0
Property Management
12%
$336
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$308