This property looks like a bad Mid-Term investment with a projected -7.47% first-year return on $92,550 initial cash invested.
-7.47%
Cash On Cash
4.82%
Cap Rate
0.75
DSCR
$2,822
Rent
-$576
Cashflow
Cash Flow
$2,822 income − $3,398 expenses = $576 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,822
Total Expenses
$3,398
Mortgage P&I
67%
$1,889
Property Taxes
15%
$425
Home Insurance
4%
$124
HOA
0%
$0
Property Management
12%
$339
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$310