This property looks like a bad Mid-Term investment with a projected -6.4% first-year return on $91,353 initial cash invested.
-6.4%
Cash On Cash
4.81%
Cap Rate
0.78
DSCR
$2,540
Rent
-$487
Cashflow
Cash Flow
$2,540 income − $3,027 expenses = $487 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,353
Downpayment
20%
$69,860
Closing costs
1%
$3,493
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,540
Total Expenses
$3,027
Mortgage P&I
70%
$1,785
Property Taxes
10%
$256
Home Insurance
5%
$122
HOA
0%
$0
Property Management
12%
$305
CapEx
4%
$102
Vacancy
3%
$76
Maintenance
4%
$102
Other
11%
$279