This property looks like a bad Mid-Term investment with a projected -5.62% first-year return on $92,445 initial cash invested.
-5.62%
Cash On Cash
5.49%
Cap Rate
0.84
DSCR
$3,117
Rent
-$433
Cashflow
Cash Flow
$3,117 income − $3,550 expenses = $433 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,445
Downpayment
20%
$70,900
Closing costs
1%
$3,545
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,117
Total Expenses
$3,550
Mortgage P&I
62%
$1,929
Property Taxes
7%
$211
Home Insurance
4%
$126
HOA
7%
$223
Property Management
12%
$374
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$343