This property looks like a bad Mid-Term investment with a projected -3.18% first-year return on $92,550 initial cash invested.
-3.18%
Cash On Cash
6.15%
Cap Rate
0.94
DSCR
$3,033
Rent
-$245
Cashflow
Cash Flow
$3,033 income − $3,278 expenses = $245 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,033
Total Expenses
$3,278
Mortgage P&I
64%
$1,943
Property Taxes
6%
$178
Home Insurance
4%
$126
HOA
0%
$0
Property Management
12%
$364
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$334