This property looks like a bad Mid-Term investment with a projected -4.12% first-year return on $92,046 initial cash invested.
-4.12%
Cash On Cash
5.8%
Cap Rate
0.9
DSCR
$3,117
Rent
-$316
Cashflow
Cash Flow
$3,117 income − $3,433 expenses = $316 out of pocket
Investment Breakdown
|
Purchase Price
$353k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,046
Downpayment
20%
$70,520
Closing costs
1%
$3,526
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,117
Total Expenses
$3,433
Mortgage P&I
61%
$1,894
Property Taxes
11%
$353
Home Insurance
4%
$125
HOA
0%
$0
Property Management
12%
$374
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$343