This property looks like a bad Mid-Term investment with a projected -0.33% first-year return on $92,151 initial cash invested.
-0.33%
Cash On Cash
6.79%
Cap Rate
1.05
DSCR
$3,195
Rent
-$25
Cashflow
Cash Flow
$3,195 income − $3,220 expenses = $25 out of pocket
Investment Breakdown
|
Purchase Price
$353k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,151
Downpayment
20%
$70,620
Closing costs
1%
$3,531
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,195
Total Expenses
$3,220
Mortgage P&I
59%
$1,894
Property Taxes
4%
$118
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$383
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$351