This property looks like a bad Mid-Term investment with a projected -7.22% first-year return on $92,970 initial cash invested.
-7.22%
Cash On Cash
4.75%
Cap Rate
0.75
DSCR
$2,262
Rent
-$559
Cashflow
Cash Flow
$2,262 income − $2,821 expenses = $559 out of pocket
Investment Breakdown
|
Purchase Price
$357k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,970
Downpayment
20%
$71,400
Closing costs
1%
$3,570
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,262
Total Expenses
$2,821
Mortgage P&I
83%
$1,882
Property Taxes
2%
$46
Home Insurance
6%
$125
HOA
0%
$0
Property Management
12%
$271
CapEx
4%
$90
Vacancy
3%
$68
Maintenance
4%
$90
Other
11%
$249