This property looks like a bad Mid-Term investment with a projected -0.06% first-year return on $92,550 initial cash invested.
-0.06%
Cash On Cash
7.02%
Cap Rate
1.07
DSCR
$3,598
Rent
-$5
Cashflow
Cash Flow
$3,598 income − $3,603 expenses = $5 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,550
Downpayment
20%
$71,000
Closing costs
1%
$3,550
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,598
Total Expenses
$3,603
Mortgage P&I
54%
$1,937
Property Taxes
8%
$304
Home Insurance
3%
$124
HOA
0%
$14
Property Management
12%
$432
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$396