This property looks like a bad Mid-Term investment with a projected -6.21% first-year return on $92,634 initial cash invested.
-6.21%
Cash On Cash
4.87%
Cap Rate
0.79
DSCR
$2,446
Rent
-$479
Cashflow
Cash Flow
$2,446 income − $2,925 expenses = $479 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,634
Downpayment
20%
$71,080
Closing costs
1%
$3,554
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,446
Total Expenses
$2,925
Mortgage P&I
74%
$1,822
Property Taxes
5%
$131
Home Insurance
6%
$140
HOA
0%
$0
Property Management
12%
$294
CapEx
4%
$98
Vacancy
3%
$73
Maintenance
4%
$98
Other
11%
$269