This property looks like a bad Mid-Term investment with a projected -1.17% first-year return on $92,403 initial cash invested.
-1.17%
Cash On Cash
6.52%
Cap Rate
1.02
DSCR
$3,206
Rent
-$90
Cashflow
Cash Flow
$3,206 income − $3,296 expenses = $90 out of pocket
Investment Breakdown
|
Purchase Price
$354k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,403
Downpayment
20%
$70,860
Closing costs
1%
$3,543
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,206
Total Expenses
$3,296
Mortgage P&I
59%
$1,888
Property Taxes
6%
$192
Home Insurance
4%
$126
HOA
0%
$0
Property Management
12%
$385
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$353