This property looks like a bad Mid-Term investment with a projected -4.78% first-year return on $91,206 initial cash invested.
-4.78%
Cash On Cash
5.62%
Cap Rate
0.87
DSCR
$3,159
Rent
-$363
Cashflow
Cash Flow
$3,159 income − $3,522 expenses = $363 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,206
Downpayment
20%
$69,720
Closing costs
1%
$3,486
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,159
Total Expenses
$3,522
Mortgage P&I
59%
$1,870
Property Taxes
14%
$436
Home Insurance
4%
$126
HOA
1%
$17
Property Management
12%
$379
CapEx
4%
$126
Vacancy
3%
$95
Maintenance
4%
$126
Other
11%
$347