This property looks like a bad Mid-Term investment with a projected -3.65% first-year return on $91,647 initial cash invested.
-3.65%
Cash On Cash
5.88%
Cap Rate
0.91
DSCR
$2,811
Rent
-$279
Cashflow
Cash Flow
$2,811 income − $3,090 expenses = $279 out of pocket
Investment Breakdown
|
Purchase Price
$351k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,647
Downpayment
20%
$70,140
Closing costs
1%
$3,507
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,811
Total Expenses
$3,090
Mortgage P&I
67%
$1,884
Property Taxes
4%
$126
Home Insurance
4%
$126
HOA
0%
$0
Property Management
12%
$337
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$309