This property looks like a bad Mid-Term investment with a projected -5.97% first-year return on $92,256 initial cash invested.
-5.97%
Cash On Cash
5.18%
Cap Rate
0.81
DSCR
$2,752
Rent
-$459
Cashflow
Cash Flow
$2,752 income − $3,211 expenses = $459 out of pocket
Investment Breakdown
|
Purchase Price
$354k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,256
Downpayment
20%
$70,720
Closing costs
1%
$3,536
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,752
Total Expenses
$3,211
Mortgage P&I
68%
$1,874
Property Taxes
10%
$273
Home Insurance
5%
$128
HOA
0%
$0
Property Management
12%
$330
CapEx
4%
$110
Vacancy
3%
$83
Maintenance
4%
$110
Other
11%
$303