This property looks like a bad Mid-Term investment with a projected -1.68% first-year return on $92,130 initial cash invested.
-1.68%
Cash On Cash
6.11%
Cap Rate
1
DSCR
$3,272
Rent
-$129
Cashflow
Cash Flow
$3,272 income − $3,401 expenses = $129 out of pocket
Investment Breakdown
|
Purchase Price
$353k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,130
Downpayment
20%
$70,600
Closing costs
1%
$3,530
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,272
Total Expenses
$3,401
Mortgage P&I
55%
$1,795
Property Taxes
11%
$367
Home Insurance
4%
$126
HOA
0%
$0
Property Management
12%
$393
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$360