This property looks like a bad Mid-Term investment with a projected -4.23% first-year return on $91,290 initial cash invested.
-4.23%
Cash On Cash
5.85%
Cap Rate
0.9
DSCR
$3,120
Rent
-$322
Cashflow
Cash Flow
$3,120 income − $3,442 expenses = $322 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,290
Downpayment
20%
$69,800
Closing costs
1%
$3,490
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,120
Total Expenses
$3,442
Mortgage P&I
61%
$1,899
Property Taxes
12%
$363
Home Insurance
4%
$119
HOA
0%
$0
Property Management
12%
$374
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$343