This property looks like a bad Mid-Term investment with a projected -7.63% first-year return on $91,836 initial cash invested.
-7.63%
Cash On Cash
4.97%
Cap Rate
0.75
DSCR
$2,372
Rent
-$584
Cashflow
Cash Flow
$2,372 income − $2,956 expenses = $584 out of pocket
Investment Breakdown
|
Purchase Price
$352k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,836
Downpayment
20%
$70,320
Closing costs
1%
$3,516
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,372
Total Expenses
$2,956
Mortgage P&I
82%
$1,944
Property Taxes
3%
$79
Home Insurance
5%
$126
HOA
0%
$0
Property Management
12%
$285
CapEx
4%
$95
Vacancy
3%
$71
Maintenance
4%
$95
Other
11%
$261