This property looks like a bad Mid-Term investment with a projected -4.02% first-year return on $91,290 initial cash invested.
-4.02%
Cash On Cash
6.24%
Cap Rate
0.91
DSCR
$2,916
Rent
-$306
Cashflow
Cash Flow
$2,916 income − $3,222 expenses = $306 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.8%
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
$2,916
Total Expenses
$3,222
Mortgage P&I
69%
$2,004
Property Taxes
3%
$100
Home Insurance
4%
$126
HOA
0%
$0
Property Management
12%
$350
CapEx
4%
$117
Vacancy
3%
$87
Maintenance
4%
$117
Other
11%
$321