This property looks like a bad Mid-Term investment with a projected -1.01% first-year return on $91,626 initial cash invested.
-1.01%
Cash On Cash
6.77%
Cap Rate
1.03
DSCR
$3,386
Rent
-$77
Cashflow
Cash Flow
$3,386 income − $3,463 expenses = $77 out of pocket
Investment Breakdown
|
Purchase Price
$351k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,626
Downpayment
20%
$70,120
Closing costs
1%
$3,506
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,386
Total Expenses
$3,463
Mortgage P&I
57%
$1,920
Property Taxes
8%
$260
Home Insurance
4%
$133
HOA
0%
$0
Property Management
12%
$406
CapEx
4%
$135
Vacancy
3%
$102
Maintenance
4%
$135
Other
11%
$372