This property looks like a bad Mid-Term investment with a projected -8.6% first-year return on $92,550 initial cash invested.
-8.6%
Cash On Cash
4.52%
Cap Rate
0.71
DSCR
$2,750
Rent
-$663
Cashflow
Cash Flow
$2,750 income − $3,413 expenses = $663 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,550
Downpayment
20%
$71,000
Closing costs
1%
$3,550
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,750
Total Expenses
$3,413
Mortgage P&I
69%
$1,891
Property Taxes
17%
$464
Home Insurance
5%
$124
HOA
0%
$0
Property Management
12%
$330
CapEx
4%
$110
Vacancy
3%
$82
Maintenance
4%
$110
Other
11%
$302