This property looks like a bad Mid-Term investment with a projected -1.35% first-year return on $92,340 initial cash invested.
-1.35%
Cash On Cash
6.63%
Cap Rate
1.03
DSCR
$3,888
Rent
-$104
Cashflow
Cash Flow
$3,888 income − $3,992 expenses = $104 out of pocket
Investment Breakdown
|
Purchase Price
$354k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,340
Downpayment
20%
$70,800
Closing costs
1%
$3,540
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,888
Total Expenses
$3,992
Mortgage P&I
49%
$1,905
Property Taxes
16%
$637
Home Insurance
3%
$126
HOA
0%
$0
Property Management
12%
$467
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$428