This property looks like a bad Mid-Term investment with a projected -5.88% first-year return on $90,975 initial cash invested.
-5.88%
Cash On Cash
5.28%
Cap Rate
0.82
DSCR
$2,644
Rent
-$446
Cashflow
Cash Flow
$2,644 income − $3,090 expenses = $446 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
$2,644
Total Expenses
$3,090
Mortgage P&I
71%
$1,868
Property Taxes
8%
$201
Home Insurance
5%
$122
HOA
0%
$0
Property Management
12%
$317
CapEx
4%
$106
Vacancy
3%
$79
Maintenance
4%
$106
Other
11%
$291