This property looks like a bad Mid-Term investment with a projected -4.39% first-year return on $90,996 initial cash invested.
-4.39%
Cash On Cash
5.38%
Cap Rate
0.88
DSCR
$2,872
Rent
-$333
Cashflow
Cash Flow
$2,872 income − $3,205 expenses = $333 out of pocket
Investment Breakdown
|
Purchase Price
$348k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,996
Downpayment
20%
$69,520
Closing costs
1%
$3,476
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,872
Total Expenses
$3,205
Mortgage P&I
62%
$1,777
Property Taxes
11%
$311
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$345
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$316