This property looks like a bad Mid-Term investment with a projected -2.31% first-year return on $91,815 initial cash invested.
-2.31%
Cash On Cash
6.39%
Cap Rate
0.98
DSCR
$3,398
Rent
-$177
Cashflow
Cash Flow
$3,398 income − $3,575 expenses = $177 out of pocket
Investment Breakdown
|
Purchase Price
$352k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,815
Downpayment
20%
$70,300
Closing costs
1%
$3,515
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,398
Total Expenses
$3,575
Mortgage P&I
56%
$1,912
Property Taxes
9%
$301
Home Insurance
4%
$126
HOA
2%
$80
Property Management
12%
$408
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$374