This property looks like a bad Mid-Term investment with a projected -2.48% first-year return on $92,844 initial cash invested.
-2.48%
Cash On Cash
6.29%
Cap Rate
0.97
DSCR
$3,312
Rent
-$192
Cashflow
Cash Flow
$3,312 income − $3,504 expenses = $192 out of pocket
Investment Breakdown
|
Purchase Price
$356k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,844
Downpayment
20%
$71,280
Closing costs
1%
$3,564
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,312
Total Expenses
$3,504
Mortgage P&I
58%
$1,929
Property Taxes
10%
$329
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$397
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$364