This property looks like a bad Mid-Term investment with a projected -7.03% first-year return on $92,219 initial cash invested.
-7.03%
Cash On Cash
5%
Cap Rate
0.78
DSCR
$2,830
Rent
-$540
Cashflow
Cash Flow
$2,830 income − $3,370 expenses = $540 out of pocket
Investment Breakdown
|
Purchase Price
$353k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,219
Downpayment
20%
$70,685
Closing costs
1%
$3,534
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,830
Total Expenses
$3,370
Mortgage P&I
67%
$1,900
Property Taxes
14%
$384
Home Insurance
4%
$124
HOA
0%
$0
Property Management
12%
$340
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$311