This property looks like a bad Mid-Term investment with a projected -6.25% first-year return on $91,920 initial cash invested.
-6.25%
Cash On Cash
5.49%
Cap Rate
0.82
DSCR
$3,220
Rent
-$479
Cashflow
Cash Flow
$3,220 income − $3,699 expenses = $479 out of pocket
Investment Breakdown
|
Purchase Price
$352k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,920
Downpayment
20%
$70,400
Closing costs
1%
$3,520
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,220
Total Expenses
$3,699
Mortgage P&I
61%
$1,961
Property Taxes
16%
$521
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$386
CapEx
4%
$129
Vacancy
3%
$97
Maintenance
4%
$129
Other
11%
$354