This property looks like a bad Mid-Term investment with a projected -1.68% first-year return on $91,941 initial cash invested.
-1.68%
Cash On Cash
6.7%
Cap Rate
1.01
DSCR
$3,554
Rent
-$129
Cashflow
Cash Flow
$3,554 income − $3,683 expenses = $129 out of pocket
Investment Breakdown
|
Purchase Price
$352k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,941
Downpayment
20%
$70,420
Closing costs
1%
$3,521
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,554
Total Expenses
$3,683
Mortgage P&I
55%
$1,953
Property Taxes
11%
$400
Home Insurance
3%
$122
HOA
0%
$0
Property Management
12%
$426
CapEx
4%
$142
Vacancy
3%
$107
Maintenance
4%
$142
Other
11%
$391