This property looks like a bad Mid-Term investment with a projected -3.42% first-year return on $92,529 initial cash invested.
-3.42%
Cash On Cash
5.86%
Cap Rate
0.92
DSCR
$2,722
Rent
-$264
Cashflow
Cash Flow
$2,722 income − $2,986 expenses = $264 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,529
Downpayment
20%
$70,980
Closing costs
1%
$3,549
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,722
Total Expenses
$2,986
Mortgage P&I
69%
$1,887
Property Taxes
2%
$49
Home Insurance
5%
$124
HOA
0%
$0
Property Management
12%
$327
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$299