This property looks like a bad Mid-Term investment with a projected -3.74% first-year return on $92,338 initial cash invested.
-3.74%
Cash On Cash
6.01%
Cap Rate
0.91
DSCR
$2,718
Rent
-$288
Cashflow
Cash Flow
$2,718 income − $3,006 expenses = $288 out of pocket
Investment Breakdown
|
Purchase Price
$354k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,338
Downpayment
20%
$70,798
Closing costs
1%
$3,540
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,718
Total Expenses
$3,006
Mortgage P&I
72%
$1,951
Property Taxes
0%
$6
Home Insurance
5%
$124
HOA
0%
$0
Property Management
12%
$326
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$299