This property looks like a bad Mid-Term investment with a projected -8.92% first-year return on $92,865 initial cash invested.
-8.92%
Cash On Cash
4.16%
Cap Rate
0.67
DSCR
$2,160
Rent
-$690
Cashflow
Cash Flow
$2,160 income − $2,850 expenses = $690 out of pocket
Investment Breakdown
|
Purchase Price
$357k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,865
Downpayment
20%
$71,300
Closing costs
1%
$3,565
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,160
Total Expenses
$2,850
Mortgage P&I
85%
$1,840
Property Taxes
7%
$145
Home Insurance
6%
$131
HOA
0%
$0
Property Management
12%
$259
CapEx
4%
$86
Vacancy
3%
$65
Maintenance
4%
$86
Other
11%
$238