This property looks like a bad Mid-Term investment with a projected -2.37% first-year return on $90,975 initial cash invested.
-2.37%
Cash On Cash
6.28%
Cap Rate
0.98
DSCR
$3,364
Rent
-$180
Cashflow
Cash Flow
$3,364 income − $3,544 expenses = $180 out of pocket
Investment Breakdown
|
Purchase Price
$348k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,364
Total Expenses
$3,544
Mortgage P&I
55%
$1,864
Property Taxes
12%
$413
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$404
CapEx
4%
$135
Vacancy
3%
$101
Maintenance
4%
$135
Other
11%
$370