This property looks like a bad Mid-Term investment with a projected -8.64% first-year return on $92,550 initial cash invested.
-8.64%
Cash On Cash
4.88%
Cap Rate
0.73
DSCR
$3,447
Rent
-$666
Cashflow
Cash Flow
$3,447 income − $4,113 expenses = $666 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,550
Downpayment
20%
$71,000
Closing costs
1%
$3,550
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,447
Total Expenses
$4,113
Mortgage P&I
57%
$1,971
Property Taxes
24%
$811
Home Insurance
4%
$124
HOA
1%
$35
Property Management
12%
$414
CapEx
4%
$138
Vacancy
3%
$103
Maintenance
4%
$138
Other
11%
$379