This property looks like a bad Mid-Term investment with a projected -5.65% first-year return on $92,445 initial cash invested.
-5.65%
Cash On Cash
5.46%
Cap Rate
0.83
DSCR
$2,662
Rent
-$435
Cashflow
Cash Flow
$2,662 income − $3,097 expenses = $435 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,445
Downpayment
20%
$70,900
Closing costs
1%
$3,545
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,662
Total Expenses
$3,097
Mortgage P&I
73%
$1,941
Property Taxes
5%
$126
Home Insurance
5%
$126
HOA
0%
$0
Property Management
12%
$319
CapEx
4%
$106
Vacancy
3%
$80
Maintenance
4%
$106
Other
11%
$293