This property looks like a bad Mid-Term investment with a projected -1.98% first-year return on $92,550 initial cash invested.
-1.98%
Cash On Cash
6.04%
Cap Rate
0.98
DSCR
$2,757
Rent
-$153
Cashflow
Cash Flow
$2,757 income − $2,910 expenses = $153 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,757
Total Expenses
$2,910
Mortgage P&I
66%
$1,830
Property Taxes
1%
$19
Home Insurance
5%
$124
HOA
0%
$0
Property Management
12%
$331
CapEx
4%
$110
Vacancy
3%
$83
Maintenance
4%
$110
Other
11%
$303