This property looks like a bad Mid-Term investment with a projected -12.4% first-year return on $92,550 initial cash invested.
-12.4%
Cash On Cash
3.62%
Cap Rate
0.55
DSCR
$2,086
Rent
-$956
Cashflow
Cash Flow
$2,086 income − $3,042 expenses = $956 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,550
Downpayment
20%
$71,000
Closing costs
1%
$3,550
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,086
Total Expenses
$3,042
Mortgage P&I
93%
$1,945
Property Taxes
13%
$265
Home Insurance
6%
$124
HOA
0%
$0
Property Management
12%
$250
CapEx
4%
$83
Vacancy
3%
$63
Maintenance
4%
$83
Other
11%
$229