This property looks like a bad Mid-Term investment with a projected -5.65% first-year return on $91,080 initial cash invested.
-5.65%
Cash On Cash
5.55%
Cap Rate
0.84
DSCR
$3,152
Rent
-$429
Cashflow
Cash Flow
$3,152 income − $3,581 expenses = $429 out of pocket
Investment Breakdown
|
Purchase Price
$348k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,080
Downpayment
20%
$69,600
Closing costs
1%
$3,480
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,152
Total Expenses
$3,581
Mortgage P&I
61%
$1,912
Property Taxes
15%
$475
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$378
CapEx
4%
$126
Vacancy
3%
$95
Maintenance
4%
$126
Other
11%
$347