This property looks like a bad Mid-Term investment with a projected -5.68% first-year return on $91,290 initial cash invested.
-5.68%
Cash On Cash
5.4%
Cap Rate
0.83
DSCR
$2,632
Rent
-$432
Cashflow
Cash Flow
$2,632 income − $3,064 expenses = $432 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,290
Downpayment
20%
$69,800
Closing costs
1%
$3,490
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,632
Total Expenses
$3,064
Mortgage P&I
72%
$1,898
Property Taxes
6%
$149
Home Insurance
5%
$122
HOA
0%
$0
Property Management
12%
$316
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$290