This property looks like a bad Mid-Term investment with a projected -5.86% first-year return on $92,550 initial cash invested.
-5.86%
Cash On Cash
5.52%
Cap Rate
0.83
DSCR
$2,892
Rent
-$452
Cashflow
Cash Flow
$2,892 income − $3,344 expenses = $452 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,892
Total Expenses
$3,344
Mortgage P&I
68%
$1,970
Property Taxes
9%
$250
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$347
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$318