This property looks like a bad Mid-Term investment with a projected -6.33% first-year return on $92,361 initial cash invested.
-6.33%
Cash On Cash
5.25%
Cap Rate
0.81
DSCR
$3,348
Rent
-$487
Cashflow
Cash Flow
$3,348 income − $3,835 expenses = $487 out of pocket
Investment Breakdown
|
Purchase Price
$354k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,361
Downpayment
20%
$70,820
Closing costs
1%
$3,541
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,348
Total Expenses
$3,835
Mortgage P&I
57%
$1,902
Property Taxes
19%
$640
Home Insurance
4%
$130
HOA
1%
$25
Property Management
12%
$402
CapEx
4%
$134
Vacancy
3%
$100
Maintenance
4%
$134
Other
11%
$368