This property looks like a bad Mid-Term investment with a projected -6.69% first-year return on $92,697 initial cash invested.
-6.69%
Cash On Cash
5.32%
Cap Rate
0.81
DSCR
$3,378
Rent
-$517
Cashflow
Cash Flow
$3,378 income − $3,895 expenses = $517 out of pocket
Investment Breakdown
|
Purchase Price
$356k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,697
Downpayment
20%
$71,140
Closing costs
1%
$3,557
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,378
Total Expenses
$3,895
Mortgage P&I
58%
$1,959
Property Taxes
20%
$662
Home Insurance
4%
$126
HOA
0%
$0
Property Management
12%
$405
CapEx
4%
$135
Vacancy
3%
$101
Maintenance
4%
$135
Other
11%
$372