This property looks like a bad Mid-Term investment with a projected -4.3% first-year return on $92,844 initial cash invested.
-4.3%
Cash On Cash
6.02%
Cap Rate
0.89
DSCR
$2,922
Rent
-$333
Cashflow
Cash Flow
$2,922 income − $3,255 expenses = $333 out of pocket
Investment Breakdown
|
Purchase Price
$356k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,844
Downpayment
20%
$71,280
Closing costs
1%
$3,564
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,922
Total Expenses
$3,255
Mortgage P&I
69%
$2,004
Property Taxes
4%
$129
Home Insurance
4%
$128
HOA
0%
$0
Property Management
12%
$351
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$321