This property looks like a bad Mid-Term investment with a projected -3.92% first-year return on $92,655 initial cash invested.
-3.92%
Cash On Cash
6.16%
Cap Rate
0.91
DSCR
$3,254
Rent
-$303
Cashflow
Cash Flow
$3,254 income − $3,557 expenses = $303 out of pocket
Investment Breakdown
|
Purchase Price
$356k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,655
Downpayment
20%
$71,100
Closing costs
1%
$3,555
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,254
Total Expenses
$3,557
Mortgage P&I
61%
$1,997
Property Taxes
9%
$304
Home Insurance
5%
$150
HOA
0%
$0
Property Management
12%
$390
CapEx
4%
$130
Vacancy
3%
$98
Maintenance
4%
$130
Other
11%
$358