This property looks like a bad Mid-Term investment with a projected -3.35% first-year return on $91,689 initial cash invested.
-3.35%
Cash On Cash
5.94%
Cap Rate
0.93
DSCR
$3,051
Rent
-$256
Cashflow
Cash Flow
$3,051 income − $3,307 expenses = $256 out of pocket
Investment Breakdown
|
Purchase Price
$351k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,689
Downpayment
20%
$70,180
Closing costs
1%
$3,509
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,051
Total Expenses
$3,307
Mortgage P&I
61%
$1,871
Property Taxes
9%
$264
Home Insurance
4%
$126
HOA
0%
$8
Property Management
12%
$366
CapEx
4%
$122
Vacancy
3%
$92
Maintenance
4%
$122
Other
11%
$336