This property looks like a bad Mid-Term investment with a projected -5.07% first-year return on $92,550 initial cash invested.
-5.07%
Cash On Cash
5.69%
Cap Rate
0.86
DSCR
$3,111
Rent
-$391
Cashflow
Cash Flow
$3,111 income − $3,502 expenses = $391 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
$3,111
Total Expenses
$3,502
Mortgage P&I
63%
$1,951
Property Taxes
3%
$106
Home Insurance
4%
$124
HOA
9%
$265
Property Management
12%
$373
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$342