This property looks like a bad Mid-Term investment with a projected -4.47% first-year return on $92,550 initial cash invested.
-4.47%
Cash On Cash
6%
Cap Rate
0.89
DSCR
$3,219
Rent
-$345
Cashflow
Cash Flow
$3,219 income − $3,564 expenses = $345 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
7.5%
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
$3,219
Total Expenses
$3,564
Mortgage P&I
62%
$1,990
Property Taxes
11%
$353
Home Insurance
4%
$126
HOA
0%
$0
Property Management
12%
$386
CapEx
4%
$129
Vacancy
3%
$97
Maintenance
4%
$129
Other
11%
$354