This property looks like a bad Mid-Term investment with a projected -4.86% first-year return on $92,676 initial cash invested.
-4.86%
Cash On Cash
5.66%
Cap Rate
0.86
DSCR
$2,748
Rent
-$375
Cashflow
Cash Flow
$2,748 income − $3,123 expenses = $375 out of pocket
Investment Breakdown
|
Purchase Price
$356k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,676
Downpayment
20%
$71,120
Closing costs
1%
$3,556
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,748
Total Expenses
$3,123
Mortgage P&I
71%
$1,941
Property Taxes
4%
$122
Home Insurance
5%
$126
HOA
0%
$0
Property Management
12%
$330
CapEx
4%
$110
Vacancy
3%
$82
Maintenance
4%
$110
Other
11%
$302