This property looks like a bad Mid-Term investment with a projected -0.28% first-year return on $92,634 initial cash invested.
-0.28%
Cash On Cash
6.38%
Cap Rate
1.06
DSCR
$3,315
Rent
-$22
Cashflow
Cash Flow
$3,315 income − $3,337 expenses = $22 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,634
Downpayment
20%
$71,080
Closing costs
1%
$3,554
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,315
Total Expenses
$3,337
Mortgage P&I
54%
$1,780
Property Taxes
9%
$299
Home Insurance
4%
$130
HOA
0%
$0
Property Management
12%
$398
CapEx
4%
$133
Vacancy
3%
$99
Maintenance
4%
$133
Other
11%
$365