This property looks like a bad Mid-Term investment with a projected -2.98% first-year return on $92,697 initial cash invested.
-2.98%
Cash On Cash
6.29%
Cap Rate
0.95
DSCR
$3,540
Rent
-$230
Cashflow
Cash Flow
$3,540 income − $3,770 expenses = $230 out of pocket
Investment Breakdown
|
Purchase Price
$356k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,697
Downpayment
20%
$71,140
Closing costs
1%
$3,557
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,540
Total Expenses
$3,770
Mortgage P&I
55%
$1,953
Property Taxes
9%
$334
Home Insurance
4%
$126
HOA
4%
$153
Property Management
12%
$425
CapEx
4%
$142
Vacancy
3%
$106
Maintenance
4%
$142
Other
11%
$389