This property looks like a bad Mid-Term investment with a projected -9.07% first-year return on $92,088 initial cash invested.
-9.07%
Cash On Cash
4.07%
Cap Rate
0.66
DSCR
$2,302
Rent
-$696
Cashflow
Cash Flow
$2,302 income − $2,998 expenses = $696 out of pocket
Investment Breakdown
|
Purchase Price
$353k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,088
Downpayment
20%
$70,560
Closing costs
1%
$3,528
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,302
Total Expenses
$2,998
Mortgage P&I
78%
$1,801
Property Taxes
6%
$149
Home Insurance
12%
$266
HOA
0%
$0
Property Management
12%
$276
CapEx
4%
$92
Vacancy
3%
$69
Maintenance
4%
$92
Other
11%
$253