This property looks like a bad Mid-Term investment with a projected -0.76% first-year return on $91,983 initial cash invested.
-0.76%
Cash On Cash
7.06%
Cap Rate
1.04
DSCR
$3,474
Rent
-$58
Cashflow
Cash Flow
$3,474 income − $3,532 expenses = $58 out of pocket
Investment Breakdown
|
Purchase Price
$352k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,983
Downpayment
20%
$70,460
Closing costs
1%
$3,523
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,474
Total Expenses
$3,532
Mortgage P&I
57%
$1,991
Property Taxes
7%
$236
Home Insurance
4%
$124
HOA
0%
$0
Property Management
12%
$417
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$382