This property looks like a bad Mid-Term investment with a projected -1.26% first-year return on $92,697 initial cash invested.
-1.26%
Cash On Cash
6.52%
Cap Rate
1.02
DSCR
$3,459
Rent
-$97
Cashflow
Cash Flow
$3,459 income − $3,556 expenses = $97 out of pocket
Investment Breakdown
|
Purchase Price
$356k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,459
Total Expenses
$3,556
Mortgage P&I
55%
$1,893
Property Taxes
10%
$362
Home Insurance
4%
$126
HOA
0%
$0
Property Management
12%
$415
CapEx
4%
$138
Vacancy
3%
$104
Maintenance
4%
$138
Other
11%
$380