This property looks like a bad Mid-Term investment with a projected -0.4% first-year return on $92,550 initial cash invested.
-0.4%
Cash On Cash
6.77%
Cap Rate
1.06
DSCR
$3,561
Rent
-$31
Cashflow
Cash Flow
$3,561 income − $3,592 expenses = $31 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,561
Total Expenses
$3,592
Mortgage P&I
53%
$1,891
Property Taxes
10%
$367
Home Insurance
3%
$124
HOA
0%
$0
Property Management
12%
$427
CapEx
4%
$142
Vacancy
3%
$107
Maintenance
4%
$142
Other
11%
$392