This property looks like a bad Mid-Term investment with a projected -7.39% first-year return on $92,592 initial cash invested.
-7.39%
Cash On Cash
5%
Cap Rate
0.76
DSCR
$2,565
Rent
-$570
Cashflow
Cash Flow
$2,565 income − $3,135 expenses = $570 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,592
Downpayment
20%
$71,040
Closing costs
1%
$3,552
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,565
Total Expenses
$3,135
Mortgage P&I
76%
$1,948
Property Taxes
7%
$188
Home Insurance
5%
$126
HOA
0%
$0
Property Management
12%
$308
CapEx
4%
$103
Vacancy
3%
$77
Maintenance
4%
$103
Other
11%
$282