This property looks like a bad Mid-Term investment with a projected -3.46% first-year return on $92,319 initial cash invested.
-3.46%
Cash On Cash
5.61%
Cap Rate
0.92
DSCR
$3,027
Rent
-$266
Cashflow
Cash Flow
$3,027 income − $3,293 expenses = $266 out of pocket
Investment Breakdown
|
Purchase Price
$354k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,027
Total Expenses
$3,293
Mortgage P&I
59%
$1,800
Property Taxes
11%
$333
Home Insurance
4%
$131
HOA
0%
$0
Property Management
12%
$363
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$333