This property looks like a bad Mid-Term investment with a projected -2.75% first-year return on $92,949 initial cash invested.
-2.75%
Cash On Cash
6.47%
Cap Rate
0.96
DSCR
$3,556
Rent
-$213
Cashflow
Cash Flow
$3,556 income − $3,769 expenses = $213 out of pocket
Investment Breakdown
|
Purchase Price
$357k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,949
Downpayment
20%
$71,380
Closing costs
1%
$3,569
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,556
Total Expenses
$3,769
Mortgage P&I
56%
$1,996
Property Taxes
12%
$438
Home Insurance
4%
$126
HOA
0%
$0
Property Management
12%
$427
CapEx
4%
$142
Vacancy
3%
$107
Maintenance
4%
$142
Other
11%
$391