This property looks like a bad Mid-Term investment with a projected -4.54% first-year return on $92,760 initial cash invested.
-4.54%
Cash On Cash
6.06%
Cap Rate
0.89
DSCR
$3,044
Rent
-$351
Cashflow
Cash Flow
$3,044 income − $3,395 expenses = $351 out of pocket
Investment Breakdown
|
Purchase Price
$356k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,760
Downpayment
20%
$71,200
Closing costs
1%
$3,560
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,044
Total Expenses
$3,395
Mortgage P&I
67%
$2,028
Property Taxes
7%
$204
Home Insurance
4%
$128
HOA
0%
$0
Property Management
12%
$365
CapEx
4%
$122
Vacancy
3%
$91
Maintenance
4%
$122
Other
11%
$335