This property looks like a bad Mid-Term investment with a projected -2.67% first-year return on $91,752 initial cash invested.
-2.67%
Cash On Cash
5.94%
Cap Rate
0.95
DSCR
$2,930
Rent
-$204
Cashflow
Cash Flow
$2,930 income − $3,134 expenses = $204 out of pocket
Investment Breakdown
|
Purchase Price
$351k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,752
Downpayment
20%
$70,240
Closing costs
1%
$3,512
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,930
Total Expenses
$3,134
Mortgage P&I
62%
$1,824
Property Taxes
6%
$190
Home Insurance
4%
$124
HOA
0%
$0
Property Management
12%
$352
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$322