This property looks like a bad Mid-Term investment with a projected -0.69% first-year return on $91,794 initial cash invested.
-0.69%
Cash On Cash
6.43%
Cap Rate
1.04
DSCR
$3,093
Rent
-$53
Cashflow
Cash Flow
$3,093 income − $3,146 expenses = $53 out of pocket
Investment Breakdown
|
Purchase Price
$351k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,794
Downpayment
20%
$70,280
Closing costs
1%
$3,514
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,093
Total Expenses
$3,146
Mortgage P&I
59%
$1,813
Property Taxes
4%
$129
Home Insurance
4%
$133
HOA
1%
$19
Property Management
12%
$371
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$340