This property looks like a bad Mid-Term investment with a projected -7.97% first-year return on $92,340 initial cash invested.
-7.97%
Cash On Cash
4.59%
Cap Rate
0.72
DSCR
$2,442
Rent
-$613
Cashflow
Cash Flow
$2,442 income − $3,055 expenses = $613 out of pocket
Investment Breakdown
|
Purchase Price
$354k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,442
Total Expenses
$3,055
Mortgage P&I
77%
$1,870
Property Taxes
10%
$233
Home Insurance
5%
$121
HOA
0%
$0
Property Management
12%
$293
CapEx
4%
$98
Vacancy
3%
$73
Maintenance
4%
$98
Other
11%
$269