This property looks like a bad Mid-Term investment with a projected -18.41% first-year return on $91,731 initial cash invested.
-18.41%
Cash On Cash
2.07%
Cap Rate
0.31
DSCR
$1,701
Rent
-$1,407
Cashflow
Cash Flow
$1,701 income − $3,108 expenses = $1,407 out of pocket
Investment Breakdown
|
Purchase Price
$351k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,731
Downpayment
20%
$70,220
Closing costs
1%
$3,511
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,701
Total Expenses
$3,108
Mortgage P&I
114%
$1,945
Property Taxes
27%
$456
Home Insurance
8%
$129
HOA
0%
$0
Property Management
12%
$204
CapEx
4%
$68
Vacancy
3%
$51
Maintenance
4%
$68
Other
11%
$187