This property looks like a bad Mid-Term investment with a projected -2.37% first-year return on $91,164 initial cash invested.
-2.37%
Cash On Cash
6.37%
Cap Rate
0.97
DSCR
$3,138
Rent
-$180
Cashflow
Cash Flow
$3,138 income − $3,318 expenses = $180 out of pocket
Investment Breakdown
|
Purchase Price
$348k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,164
Downpayment
20%
$69,680
Closing costs
1%
$3,484
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,138
Total Expenses
$3,318
Mortgage P&I
61%
$1,904
Property Taxes
7%
$224
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$377
CapEx
4%
$126
Vacancy
3%
$94
Maintenance
4%
$126
Other
11%
$345