This property looks like a bad Mid-Term investment with a projected -1.2% first-year return on $92,109 initial cash invested.
-1.2%
Cash On Cash
6.71%
Cap Rate
1.03
DSCR
$3,566
Rent
-$92
Cashflow
Cash Flow
$3,566 income − $3,658 expenses = $92 out of pocket
Investment Breakdown
|
Purchase Price
$353k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,109
Downpayment
20%
$70,580
Closing costs
1%
$3,529
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,566
Total Expenses
$3,658
Mortgage P&I
54%
$1,922
Property Taxes
11%
$395
Home Insurance
4%
$128
HOA
0%
$0
Property Management
12%
$428
CapEx
4%
$143
Vacancy
3%
$107
Maintenance
4%
$143
Other
11%
$392