This property looks like a bad Mid-Term investment with a projected -3.65% first-year return on $92,718 initial cash invested.
-3.65%
Cash On Cash
6.01%
Cap Rate
0.92
DSCR
$2,942
Rent
-$282
Cashflow
Cash Flow
$2,942 income − $3,224 expenses = $282 out of pocket
Investment Breakdown
|
Purchase Price
$356k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,718
Downpayment
20%
$71,160
Closing costs
1%
$3,558
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,942
Total Expenses
$3,224
Mortgage P&I
66%
$1,946
Property Taxes
4%
$115
Home Insurance
5%
$149
HOA
0%
$13
Property Management
12%
$353
CapEx
4%
$118
Vacancy
3%
$88
Maintenance
4%
$118
Other
11%
$324