This property looks like a bad Mid-Term investment with a projected -6.33% first-year return on $90,765 initial cash invested.
-6.33%
Cash On Cash
5.25%
Cap Rate
0.81
DSCR
$2,798
Rent
-$479
Cashflow
Cash Flow
$2,798 income − $3,277 expenses = $479 out of pocket
Investment Breakdown
|
Purchase Price
$347k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,765
Downpayment
20%
$69,300
Closing costs
1%
$3,465
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,798
Total Expenses
$3,277
Mortgage P&I
67%
$1,883
Property Taxes
11%
$313
Home Insurance
5%
$129
HOA
0%
$0
Property Management
12%
$336
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$308