This property looks like a bad Mid-Term investment with a projected -5.67% first-year return on $91,290 initial cash invested.
-5.67%
Cash On Cash
5.03%
Cap Rate
0.81
DSCR
$2,336
Rent
-$431
Cashflow
Cash Flow
$2,336 income − $2,767 expenses = $431 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,336
Total Expenses
$2,767
Mortgage P&I
77%
$1,801
Property Taxes
2%
$51
Home Insurance
5%
$122
HOA
0%
$0
Property Management
12%
$280
CapEx
4%
$93
Vacancy
3%
$70
Maintenance
4%
$93
Other
11%
$257