This property looks like a bad Mid-Term investment with a projected -4.8% first-year return on $92,949 initial cash invested.
-4.8%
Cash On Cash
5.96%
Cap Rate
0.89
DSCR
$3,728
Rent
-$372
Cashflow
Cash Flow
$3,728 income − $4,100 expenses = $372 out of pocket
Investment Breakdown
|
Purchase Price
$357k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,949
Downpayment
20%
$71,380
Closing costs
1%
$3,569
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,728
Total Expenses
$4,100
Mortgage P&I
54%
$1,996
Property Taxes
19%
$711
Home Insurance
3%
$126
HOA
0%
$0
Property Management
12%
$447
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$410