This property looks like a bad Mid-Term investment with a projected -1.33% first-year return on $91,248 initial cash invested.
-1.33%
Cash On Cash
6.55%
Cap Rate
1.02
DSCR
$3,528
Rent
-$101
Cashflow
Cash Flow
$3,528 income − $3,629 expenses = $101 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,248
Downpayment
20%
$69,760
Closing costs
1%
$3,488
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,528
Total Expenses
$3,629
Mortgage P&I
53%
$1,865
Property Taxes
13%
$443
Home Insurance
3%
$122
HOA
0%
$0
Property Management
12%
$423
CapEx
4%
$141
Vacancy
3%
$106
Maintenance
4%
$141
Other
11%
$388