This property looks like a bad Mid-Term investment with a projected -2.2% first-year return on $92,571 initial cash invested.
-2.2%
Cash On Cash
6.47%
Cap Rate
0.99
DSCR
$3,796
Rent
-$170
Cashflow
Cash Flow
$3,796 income − $3,966 expenses = $170 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,571
Downpayment
20%
$71,020
Closing costs
1%
$3,551
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,796
Total Expenses
$3,966
Mortgage P&I
51%
$1,934
Property Taxes
9%
$337
Home Insurance
3%
$126
HOA
7%
$277
Property Management
12%
$456
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$418