This property looks like a bad Mid-Term investment with a projected -7.71% first-year return on $92,445 initial cash invested.
-7.71%
Cash On Cash
5.04%
Cap Rate
0.76
DSCR
$2,956
Rent
-$594
Cashflow
Cash Flow
$2,956 income − $3,550 expenses = $594 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,956
Total Expenses
$3,550
Mortgage P&I
66%
$1,965
Property Taxes
16%
$461
Home Insurance
4%
$119
HOA
0%
$0
Property Management
12%
$355
CapEx
4%
$118
Vacancy
3%
$89
Maintenance
4%
$118
Other
11%
$325