This property looks like a bad Mid-Term investment with a projected -7.49% first-year return on $91,038 initial cash invested.
-7.49%
Cash On Cash
4.65%
Cap Rate
0.75
DSCR
$2,680
Rent
-$568
Cashflow
Cash Flow
$2,680 income − $3,248 expenses = $568 out of pocket
Investment Breakdown
|
Purchase Price
$348k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,038
Downpayment
20%
$69,560
Closing costs
1%
$3,478
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,680
Total Expenses
$3,248
Mortgage P&I
68%
$1,809
Property Taxes
15%
$402
Home Insurance
5%
$126
HOA
0%
$0
Property Management
12%
$322
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$295