This property looks like a bad Mid-Term investment with a projected -0.78% first-year return on $91,752 initial cash invested.
-0.78%
Cash On Cash
6.33%
Cap Rate
1.04
DSCR
$3,326
Rent
-$60
Cashflow
Cash Flow
$3,326 income − $3,386 expenses = $60 out of pocket
Investment Breakdown
|
Purchase Price
$351k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,752
Downpayment
20%
$70,240
Closing costs
1%
$3,512
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,326
Total Expenses
$3,386
Mortgage P&I
53%
$1,779
Property Taxes
10%
$336
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$399
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$366