This property looks like a bad Mid-Term investment with a projected -2.08% first-year return on $91,731 initial cash invested.
-2.08%
Cash On Cash
6.56%
Cap Rate
0.98
DSCR
$3,074
Rent
-$159
Cashflow
Cash Flow
$3,074 income − $3,233 expenses = $159 out of pocket
Investment Breakdown
|
Purchase Price
$351k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,731
Downpayment
20%
$70,220
Closing costs
1%
$3,511
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,074
Total Expenses
$3,233
Mortgage P&I
64%
$1,954
Property Taxes
4%
$108
Home Insurance
4%
$126
HOA
0%
$0
Property Management
12%
$369
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$338