This property looks like a bad Mid-Term investment with a projected -0.1% first-year return on $91,710 initial cash invested.
-0.1%
Cash On Cash
7.04%
Cap Rate
1.08
DSCR
$3,879
Rent
-$8
Cashflow
Cash Flow
$3,879 income − $3,887 expenses = $8 out of pocket
Investment Breakdown
|
Purchase Price
$351k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,710
Downpayment
20%
$70,200
Closing costs
1%
$3,510
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,879
Total Expenses
$3,887
Mortgage P&I
49%
$1,913
Property Taxes
14%
$528
Home Insurance
3%
$128
HOA
0%
$0
Property Management
12%
$465
CapEx
4%
$155
Vacancy
3%
$116
Maintenance
4%
$155
Other
11%
$427