This property looks like a bad Mid-Term investment with a projected -4.71% first-year return on $92,235 initial cash invested.
-4.71%
Cash On Cash
5.69%
Cap Rate
0.88
DSCR
$3,090
Rent
-$362
Cashflow
Cash Flow
$3,090 income − $3,452 expenses = $362 out of pocket
Investment Breakdown
|
Purchase Price
$354k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,235
Downpayment
20%
$70,700
Closing costs
1%
$3,535
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,090
Total Expenses
$3,452
Mortgage P&I
62%
$1,914
Property Taxes
12%
$360
Home Insurance
4%
$126
HOA
0%
$0
Property Management
12%
$371
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$340