This property looks like a bad Mid-Term investment with a projected -3.8% first-year return on $92,319 initial cash invested.
-3.8%
Cash On Cash
5.98%
Cap Rate
0.91
DSCR
$2,910
Rent
-$292
Cashflow
Cash Flow
$2,910 income − $3,202 expenses = $292 out of pocket
Investment Breakdown
|
Purchase Price
$354k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,319
Downpayment
20%
$70,780
Closing costs
1%
$3,539
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,910
Total Expenses
$3,202
Mortgage P&I
67%
$1,940
Property Taxes
4%
$125
Home Insurance
4%
$122
HOA
1%
$27
Property Management
12%
$349
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$320