This property looks like a bad Mid-Term investment with a projected -3.03% first-year return on $92,340 initial cash invested.
-3.03%
Cash On Cash
5.83%
Cap Rate
0.95
DSCR
$3,465
Rent
-$233
Cashflow
Cash Flow
$3,465 income − $3,698 expenses = $233 out of pocket
Investment Breakdown
|
Purchase Price
$354k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,340
Downpayment
20%
$70,800
Closing costs
1%
$3,540
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,465
Total Expenses
$3,698
Mortgage P&I
52%
$1,815
Property Taxes
17%
$580
Home Insurance
4%
$124
HOA
0%
$0
Property Management
12%
$416
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$381