This property looks like a bad Mid-Term investment with a projected -0.5% first-year return on $91,605 initial cash invested.
-0.5%
Cash On Cash
7.05%
Cap Rate
1.06
DSCR
$3,674
Rent
-$38
Cashflow
Cash Flow
$3,674 income − $3,712 expenses = $38 out of pocket
Investment Breakdown
|
Purchase Price
$351k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,605
Downpayment
20%
$70,100
Closing costs
1%
$3,505
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,674
Total Expenses
$3,712
Mortgage P&I
53%
$1,950
Property Taxes
11%
$391
Home Insurance
3%
$122
HOA
0%
$0
Property Management
12%
$441
CapEx
4%
$147
Vacancy
3%
$110
Maintenance
4%
$147
Other
11%
$404