This property looks like a bad Mid-Term investment with a projected -3.14% first-year return on $92,550 initial cash invested.
-3.14%
Cash On Cash
6.14%
Cap Rate
0.94
DSCR
$2,997
Rent
-$242
Cashflow
Cash Flow
$2,997 income − $3,239 expenses = $242 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,997
Total Expenses
$3,239
Mortgage P&I
65%
$1,937
Property Taxes
5%
$145
Home Insurance
4%
$124
HOA
0%
$13
Property Management
12%
$360
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$330