This property looks like a bad Mid-Term investment with a projected -0.12% first-year return on $91,290 initial cash invested.
-0.12%
Cash On Cash
6.8%
Cap Rate
1.07
DSCR
$3,284
Rent
-$9
Cashflow
Cash Flow
$3,284 income − $3,293 expenses = $9 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,290
Downpayment
20%
$69,800
Closing costs
1%
$3,490
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,284
Total Expenses
$3,293
Mortgage P&I
57%
$1,857
Property Taxes
4%
$115
Home Insurance
4%
$122
HOA
3%
$83
Property Management
12%
$394
CapEx
4%
$131
Vacancy
3%
$99
Maintenance
4%
$131
Other
11%
$361