This property looks like a bad Mid-Term investment with a projected -5.79% first-year return on $92,634 initial cash invested.
-5.79%
Cash On Cash
5.56%
Cap Rate
0.84
DSCR
$3,084
Rent
-$447
Cashflow
Cash Flow
$3,084 income − $3,531 expenses = $447 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,634
Downpayment
20%
$71,080
Closing costs
1%
$3,554
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,084
Total Expenses
$3,531
Mortgage P&I
64%
$1,971
Property Taxes
13%
$388
Home Insurance
4%
$124
HOA
0%
$0
Property Management
12%
$370
CapEx
4%
$123
Vacancy
3%
$93
Maintenance
4%
$123
Other
11%
$339