This property looks like a bad Mid-Term investment with a projected -5.29% first-year return on $91,857 initial cash invested.
-5.29%
Cash On Cash
5.59%
Cap Rate
0.85
DSCR
$2,836
Rent
-$405
Cashflow
Cash Flow
$2,836 income − $3,241 expenses = $405 out of pocket
Investment Breakdown
|
Purchase Price
$352k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,857
Downpayment
20%
$70,340
Closing costs
1%
$3,517
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,836
Total Expenses
$3,241
Mortgage P&I
68%
$1,929
Property Taxes
8%
$223
Home Insurance
4%
$126
HOA
0%
$0
Property Management
12%
$340
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$312