This property looks like a bad Mid-Term investment with a projected -6.31% first-year return on $92,550 initial cash invested.
-6.31%
Cash On Cash
5.29%
Cap Rate
0.82
DSCR
$3,626
Rent
-$487
Cashflow
Cash Flow
$3,626 income − $4,113 expenses = $487 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,550
Downpayment
20%
$71,000
Closing costs
1%
$3,550
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,626
Total Expenses
$4,113
Mortgage P&I
53%
$1,907
Property Taxes
22%
$810
Home Insurance
3%
$124
HOA
1%
$39
Property Management
12%
$435
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$399