This property looks like a bad Mid-Term investment with a projected -5.37% first-year return on $91,248 initial cash invested.
-5.37%
Cash On Cash
5.48%
Cap Rate
0.84
DSCR
$2,674
Rent
-$408
Cashflow
Cash Flow
$2,674 income − $3,082 expenses = $408 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,248
Downpayment
20%
$69,760
Closing costs
1%
$3,488
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,674
Total Expenses
$3,082
Mortgage P&I
71%
$1,894
Property Taxes
6%
$154
Home Insurance
5%
$125
HOA
0%
$0
Property Management
12%
$321
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$294