This property looks like a bad Mid-Term investment with a projected -5.07% first-year return on $92,109 initial cash invested.
-5.07%
Cash On Cash
5.19%
Cap Rate
0.84
DSCR
$2,602
Rent
-$389
Cashflow
Cash Flow
$2,602 income − $2,991 expenses = $389 out of pocket
Investment Breakdown
|
Purchase Price
$353k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,109
Downpayment
20%
$70,580
Closing costs
1%
$3,529
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,602
Total Expenses
$2,991
Mortgage P&I
70%
$1,810
Property Taxes
6%
$167
Home Insurance
5%
$130
HOA
0%
$0
Property Management
12%
$312
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$286