This property looks like a bad Mid-Term investment with a projected -4.63% first-year return on $92,739 initial cash invested.
-4.63%
Cash On Cash
5.77%
Cap Rate
0.88
DSCR
$3,002
Rent
-$358
Cashflow
Cash Flow
$3,002 income − $3,360 expenses = $358 out of pocket
Investment Breakdown
|
Purchase Price
$356k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,739
Downpayment
20%
$71,180
Closing costs
1%
$3,559
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,002
Total Expenses
$3,360
Mortgage P&I
65%
$1,949
Property Taxes
9%
$269
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$360
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$330