This property looks like a bad Mid-Term investment with a projected -0.66% first-year return on $92,109 initial cash invested.
-0.66%
Cash On Cash
6.94%
Cap Rate
1.05
DSCR
$3,591
Rent
-$51
Cashflow
Cash Flow
$3,591 income − $3,642 expenses = $51 out of pocket
Investment Breakdown
|
Purchase Price
$353k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,109
Downpayment
20%
$70,580
Closing costs
1%
$3,529
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,591
Total Expenses
$3,642
Mortgage P&I
54%
$1,948
Property Taxes
10%
$348
Home Insurance
3%
$124
HOA
0%
$0
Property Management
12%
$431
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$395