This property looks like a bad Mid-Term investment with a projected -4.79% first-year return on $90,975 initial cash invested.
-4.79%
Cash On Cash
5.45%
Cap Rate
0.86
DSCR
$2,562
Rent
-$363
Cashflow
Cash Flow
$2,562 income − $2,925 expenses = $363 out of pocket
Investment Breakdown
|
Purchase Price
$348k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,975
Downpayment
20%
$69,500
Closing costs
1%
$3,475
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,562
Total Expenses
$2,925
Mortgage P&I
72%
$1,840
Property Taxes
4%
$90
Home Insurance
5%
$125
HOA
0%
$0
Property Management
12%
$307
CapEx
4%
$102
Vacancy
3%
$77
Maintenance
4%
$102
Other
11%
$282