This property looks like a bad Mid-Term investment with a projected -2.12% first-year return on $92,382 initial cash invested.
-2.12%
Cash On Cash
5.96%
Cap Rate
0.98
DSCR
$3,164
Rent
-$163
Cashflow
Cash Flow
$3,164 income − $3,327 expenses = $163 out of pocket
Investment Breakdown
|
Purchase Price
$354k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,382
Downpayment
20%
$70,840
Closing costs
1%
$3,542
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,164
Total Expenses
$3,327
Mortgage P&I
57%
$1,796
Property Taxes
10%
$325
Home Insurance
4%
$129
HOA
0%
$0
Property Management
12%
$380
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$348