This property looks like a bad Mid-Term investment with a projected -8.49% first-year return on $92,340 initial cash invested.
-8.49%
Cash On Cash
5.02%
Cap Rate
0.73
DSCR
$2,660
Rent
-$653
Cashflow
Cash Flow
$2,660 income − $3,313 expenses = $653 out of pocket
Investment Breakdown
|
Purchase Price
$354k
Downpayment
20.0%
Interest Rate
7.8%
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
$2,660
Total Expenses
$3,313
Mortgage P&I
76%
$2,028
Property Taxes
10%
$253
Home Insurance
5%
$128
HOA
0%
$0
Property Management
12%
$319
CapEx
4%
$106
Vacancy
3%
$80
Maintenance
4%
$106
Other
11%
$293