This property looks like a bad Mid-Term investment with a projected -6.72% first-year return on $92,151 initial cash invested.
-6.72%
Cash On Cash
4.89%
Cap Rate
0.78
DSCR
$2,726
Rent
-$516
Cashflow
Cash Flow
$2,726 income − $3,242 expenses = $516 out of pocket
Investment Breakdown
|
Purchase Price
$353k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,151
Downpayment
20%
$70,620
Closing costs
1%
$3,531
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,726
Total Expenses
$3,242
Mortgage P&I
68%
$1,846
Property Taxes
13%
$341
Home Insurance
5%
$128
HOA
0%
$0
Property Management
12%
$327
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$300