This property looks like a bad Mid-Term investment with a projected -1.7% first-year return on $91,836 initial cash invested.
-1.7%
Cash On Cash
6.65%
Cap Rate
1.01
DSCR
$3,507
Rent
-$130
Cashflow
Cash Flow
$3,507 income − $3,637 expenses = $130 out of pocket
Investment Breakdown
|
Purchase Price
$352k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,836
Downpayment
20%
$70,320
Closing costs
1%
$3,516
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,507
Total Expenses
$3,637
Mortgage P&I
55%
$1,939
Property Taxes
9%
$315
Home Insurance
4%
$131
HOA
2%
$60
Property Management
12%
$421
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$386