This property looks like a bad Mid-Term investment with a projected -4.09% first-year return on $91,794 initial cash invested.
-4.09%
Cash On Cash
5.85%
Cap Rate
0.9
DSCR
$2,913
Rent
-$313
Cashflow
Cash Flow
$2,913 income − $3,226 expenses = $313 out of pocket
Investment Breakdown
|
Purchase Price
$351k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,794
Downpayment
20%
$70,280
Closing costs
1%
$3,514
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,913
Total Expenses
$3,226
Mortgage P&I
66%
$1,910
Property Taxes
7%
$203
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$350
CapEx
4%
$117
Vacancy
3%
$87
Maintenance
4%
$117
Other
11%
$320