This property looks like a bad Mid-Term investment with a projected -1.78% first-year return on $91,752 initial cash invested.
-1.78%
Cash On Cash
6.05%
Cap Rate
0.99
DSCR
$2,836
Rent
-$136
Cashflow
Cash Flow
$2,836 income − $2,972 expenses = $136 out of pocket
Investment Breakdown
|
Purchase Price
$351k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,836
Total Expenses
$2,972
Mortgage P&I
63%
$1,794
Property Taxes
3%
$89
Home Insurance
4%
$126
HOA
0%
$0
Property Management
12%
$340
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$312