This property looks like a bad Mid-Term investment with a projected -8.96% first-year return on $92,844 initial cash invested.
-8.96%
Cash On Cash
4.68%
Cap Rate
0.7
DSCR
$2,751
Rent
-$693
Cashflow
Cash Flow
$2,751 income − $3,444 expenses = $693 out of pocket
Investment Breakdown
|
Purchase Price
$356k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,844
Downpayment
20%
$71,280
Closing costs
1%
$3,564
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,751
Total Expenses
$3,444
Mortgage P&I
72%
$1,973
Property Taxes
15%
$408
Home Insurance
5%
$127
HOA
0%
$0
Property Management
12%
$330
CapEx
4%
$110
Vacancy
3%
$83
Maintenance
4%
$110
Other
11%
$303