This property looks like a bad Mid-Term investment with a projected -3.34% first-year return on $91,731 initial cash invested.
-3.34%
Cash On Cash
6.08%
Cap Rate
0.93
DSCR
$3,176
Rent
-$255
Cashflow
Cash Flow
$3,176 income − $3,431 expenses = $255 out of pocket
Investment Breakdown
|
Purchase Price
$351k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,731
Downpayment
20%
$70,220
Closing costs
1%
$3,511
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,176
Total Expenses
$3,431
Mortgage P&I
60%
$1,906
Property Taxes
10%
$323
Home Insurance
4%
$123
HOA
0%
$0
Property Management
12%
$381
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$349