This property looks like a bad Mid-Term investment with a projected -1.8% first-year return on $92,445 initial cash invested.
-1.8%
Cash On Cash
6.45%
Cap Rate
1.01
DSCR
$3,782
Rent
-$139
Cashflow
Cash Flow
$3,782 income − $3,921 expenses = $139 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,445
Downpayment
20%
$70,900
Closing costs
1%
$3,545
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,782
Total Expenses
$3,921
Mortgage P&I
50%
$1,894
Property Taxes
16%
$616
Home Insurance
3%
$126
HOA
0%
$0
Property Management
12%
$454
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$416