This property looks like a bad Mid-Term investment with a projected -2.49% first-year return on $91,080 initial cash invested.
-2.49%
Cash On Cash
5.86%
Cap Rate
0.96
DSCR
$3,098
Rent
-$189
Cashflow
Cash Flow
$3,098 income − $3,287 expenses = $189 out of pocket
Investment Breakdown
|
Purchase Price
$348k
Downpayment
20.0%
Interest Rate
6.5%
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
$3,098
Total Expenses
$3,287
Mortgage P&I
57%
$1,763
Property Taxes
11%
$348
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$372
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$341