This property looks like a bad Mid-Term investment with a projected -1.08% first-year return on $92,403 initial cash invested.
-1.08%
Cash On Cash
6.83%
Cap Rate
1.03
DSCR
$3,627
Rent
-$83
Cashflow
Cash Flow
$3,627 income − $3,710 expenses = $83 out of pocket
Investment Breakdown
|
Purchase Price
$354k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,403
Downpayment
20%
$70,860
Closing costs
1%
$3,543
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,627
Total Expenses
$3,710
Mortgage P&I
54%
$1,956
Property Taxes
11%
$396
Home Insurance
3%
$125
HOA
0%
$0
Property Management
12%
$435
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$399