This property looks like a bad Mid-Term investment with a projected -4.09% first-year return on $92,361 initial cash invested.
-4.09%
Cash On Cash
5.36%
Cap Rate
0.88
DSCR
$2,577
Rent
-$315
Cashflow
Cash Flow
$2,577 income − $2,892 expenses = $315 out of pocket
Investment Breakdown
|
Purchase Price
$354k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,361
Downpayment
20%
$70,820
Closing costs
1%
$3,541
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,577
Total Expenses
$2,892
Mortgage P&I
70%
$1,795
Property Taxes
4%
$94
Home Insurance
5%
$128
HOA
0%
$0
Property Management
12%
$309
CapEx
4%
$103
Vacancy
3%
$77
Maintenance
4%
$103
Other
11%
$283