This property looks like a bad Mid-Term investment with a projected -0.22% first-year return on $92,802 initial cash invested.
-0.22%
Cash On Cash
6.73%
Cap Rate
1.06
DSCR
$3,460
Rent
-$17
Cashflow
Cash Flow
$3,460 income − $3,477 expenses = $17 out of pocket
Investment Breakdown
|
Purchase Price
$356k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,802
Downpayment
20%
$71,240
Closing costs
1%
$3,562
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,460
Total Expenses
$3,477
Mortgage P&I
54%
$1,876
Property Taxes
9%
$296
Home Insurance
4%
$129
HOA
0%
$0
Property Management
12%
$415
CapEx
4%
$138
Vacancy
3%
$104
Maintenance
4%
$138
Other
11%
$381