This property looks like a bad Mid-Term investment with a projected -7.33% first-year return on $92,550 initial cash invested.
-7.33%
Cash On Cash
4.85%
Cap Rate
0.75
DSCR
$2,331
Rent
-$565
Cashflow
Cash Flow
$2,331 income − $2,896 expenses = $565 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,550
Downpayment
20%
$71,000
Closing costs
1%
$3,550
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,331
Total Expenses
$2,896
Mortgage P&I
82%
$1,907
Property Taxes
3%
$73
Home Insurance
5%
$124
HOA
0%
$0
Property Management
12%
$280
CapEx
4%
$93
Vacancy
3%
$70
Maintenance
4%
$93
Other
11%
$256