This property looks like a bad Mid-Term investment with a projected -5.63% first-year return on $91,920 initial cash invested.
-5.63%
Cash On Cash
5.37%
Cap Rate
0.83
DSCR
$2,770
Rent
-$431
Cashflow
Cash Flow
$2,770 income − $3,201 expenses = $431 out of pocket
Investment Breakdown
|
Purchase Price
$352k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,920
Downpayment
20%
$70,400
Closing costs
1%
$3,520
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,770
Total Expenses
$3,201
Mortgage P&I
68%
$1,895
Property Taxes
9%
$241
Home Insurance
4%
$123
HOA
0%
$0
Property Management
12%
$332
CapEx
4%
$111
Vacancy
3%
$83
Maintenance
4%
$111
Other
11%
$305