This property looks like a bad Mid-Term investment with a projected -2.51% first-year return on $91,773 initial cash invested.
-2.51%
Cash On Cash
6.33%
Cap Rate
0.97
DSCR
$3,332
Rent
-$192
Cashflow
Cash Flow
$3,332 income − $3,524 expenses = $192 out of pocket
Investment Breakdown
|
Purchase Price
$351k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,773
Downpayment
20%
$70,260
Closing costs
1%
$3,513
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,332
Total Expenses
$3,524
Mortgage P&I
57%
$1,911
Property Taxes
11%
$352
Home Insurance
4%
$128
HOA
0%
$0
Property Management
12%
$400
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$367