This property looks like a bad Mid-Term investment with a projected -6.7% first-year return on $92,571 initial cash invested.
-6.7%
Cash On Cash
5.31%
Cap Rate
0.8
DSCR
$3,370
Rent
-$517
Cashflow
Cash Flow
$3,370 income − $3,887 expenses = $517 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,571
Downpayment
20%
$71,020
Closing costs
1%
$3,551
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,370
Total Expenses
$3,887
Mortgage P&I
58%
$1,954
Property Taxes
20%
$659
Home Insurance
4%
$128
HOA
0%
$0
Property Management
12%
$404
CapEx
4%
$135
Vacancy
3%
$101
Maintenance
4%
$135
Other
11%
$371