This property looks like a bad Mid-Term investment with a projected -6.92% first-year return on $92,256 initial cash invested.
-6.92%
Cash On Cash
5.22%
Cap Rate
0.78
DSCR
$2,547
Rent
-$532
Cashflow
Cash Flow
$2,547 income − $3,079 expenses = $532 out of pocket
Investment Breakdown
|
Purchase Price
$354k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,256
Downpayment
20%
$70,720
Closing costs
1%
$3,536
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,547
Total Expenses
$3,079
Mortgage P&I
77%
$1,968
Property Taxes
5%
$117
Home Insurance
5%
$128
HOA
0%
$0
Property Management
12%
$306
CapEx
4%
$102
Vacancy
3%
$76
Maintenance
4%
$102
Other
11%
$280