This property looks like a bad Mid-Term investment with a projected -3.44% first-year return on $92,193 initial cash invested.
-3.44%
Cash On Cash
6.22%
Cap Rate
0.93
DSCR
$3,158
Rent
-$264
Cashflow
Cash Flow
$3,158 income − $3,422 expenses = $264 out of pocket
Investment Breakdown
|
Purchase Price
$353k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,193
Downpayment
20%
$70,660
Closing costs
1%
$3,533
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,158
Total Expenses
$3,422
Mortgage P&I
62%
$1,968
Property Taxes
8%
$250
Home Insurance
4%
$131
HOA
0%
$0
Property Management
12%
$379
CapEx
4%
$126
Vacancy
3%
$95
Maintenance
4%
$126
Other
11%
$347