This property looks like a bad Mid-Term investment with a projected -4.78% first-year return on $92,592 initial cash invested.
-4.78%
Cash On Cash
5.52%
Cap Rate
0.87
DSCR
$2,907
Rent
-$369
Cashflow
Cash Flow
$2,907 income − $3,276 expenses = $369 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,592
Downpayment
20%
$71,040
Closing costs
1%
$3,552
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,907
Total Expenses
$3,276
Mortgage P&I
65%
$1,886
Property Taxes
9%
$276
Home Insurance
4%
$126
HOA
0%
$0
Property Management
12%
$349
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$320