This property looks like a bad Mid-Term investment with a projected -0.25% first-year return on $92,277 initial cash invested.
-0.25%
Cash On Cash
6.81%
Cap Rate
1.06
DSCR
$3,423
Rent
-$19
Cashflow
Cash Flow
$3,423 income − $3,442 expenses = $19 out of pocket
Investment Breakdown
|
Purchase Price
$354k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,277
Downpayment
20%
$70,740
Closing costs
1%
$3,537
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,423
Total Expenses
$3,442
Mortgage P&I
55%
$1,888
Property Taxes
7%
$240
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$411
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$377