This property looks like a bad Mid-Term investment with a projected -8.42% first-year return on $91,878 initial cash invested.
-8.42%
Cash On Cash
4.91%
Cap Rate
0.73
DSCR
$2,932
Rent
-$645
Cashflow
Cash Flow
$2,932 income − $3,577 expenses = $645 out of pocket
Investment Breakdown
|
Purchase Price
$352k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,878
Downpayment
20%
$70,360
Closing costs
1%
$3,518
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,932
Total Expenses
$3,577
Mortgage P&I
67%
$1,968
Property Taxes
17%
$486
Home Insurance
4%
$126
HOA
0%
$0
Property Management
12%
$352
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$323