This property looks like a bad Mid-Term investment with a projected -6.65% first-year return on $92,403 initial cash invested.
-6.65%
Cash On Cash
5.2%
Cap Rate
0.8
DSCR
$3,150
Rent
-$512
Cashflow
Cash Flow
$3,150 income − $3,662 expenses = $512 out of pocket
Investment Breakdown
|
Purchase Price
$354k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,403
Downpayment
20%
$70,860
Closing costs
1%
$3,543
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,150
Total Expenses
$3,662
Mortgage P&I
61%
$1,920
Property Taxes
17%
$544
Home Insurance
4%
$128
HOA
0%
$0
Property Management
12%
$378
CapEx
4%
$126
Vacancy
3%
$94
Maintenance
4%
$126
Other
11%
$346