This property looks like a bad Mid-Term investment with a projected -3.37% first-year return on $91,962 initial cash invested.
-3.37%
Cash On Cash
5.97%
Cap Rate
0.94
DSCR
$3,566
Rent
-$258
Cashflow
Cash Flow
$3,566 income − $3,824 expenses = $258 out of pocket
Investment Breakdown
|
Purchase Price
$352k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,962
Downpayment
20%
$70,440
Closing costs
1%
$3,522
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,566
Total Expenses
$3,824
Mortgage P&I
52%
$1,868
Property Taxes
17%
$617
Home Insurance
4%
$126
HOA
0%
$0
Property Management
12%
$428
CapEx
4%
$143
Vacancy
3%
$107
Maintenance
4%
$143
Other
11%
$392