This property looks like a bad Mid-Term investment with a projected -1.27% first-year return on $92,592 initial cash invested.
-1.27%
Cash On Cash
6.74%
Cap Rate
1.02
DSCR
$3,267
Rent
-$98
Cashflow
Cash Flow
$3,267 income − $3,365 expenses = $98 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,592
Downpayment
20%
$71,040
Closing costs
1%
$3,552
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,267
Total Expenses
$3,365
Mortgage P&I
60%
$1,963
Property Taxes
5%
$165
Home Insurance
4%
$126
HOA
0%
$0
Property Management
12%
$392
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$359