This property looks like a bad Mid-Term investment with a projected -2.43% first-year return on $91,752 initial cash invested.
-2.43%
Cash On Cash
6.38%
Cap Rate
0.98
DSCR
$3,582
Rent
-$186
Cashflow
Cash Flow
$3,582 income − $3,768 expenses = $186 out of pocket
Investment Breakdown
|
Purchase Price
$351k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,582
Total Expenses
$3,768
Mortgage P&I
53%
$1,910
Property Taxes
14%
$515
Home Insurance
4%
$126
HOA
0%
$0
Property Management
12%
$430
CapEx
4%
$143
Vacancy
3%
$107
Maintenance
4%
$143
Other
11%
$394