This property looks like a bad Mid-Term investment with a projected -14.69% first-year return on $91,258 initial cash invested.
-14.69%
Cash On Cash
3.24%
Cap Rate
0.49
DSCR
$3,075
Rent
-$1,117
Cashflow
Cash Flow
$3,075 income − $4,192 expenses = $1,117 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,258
Downpayment
20%
$69,770
Closing costs
1%
$3,488
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,075
Total Expenses
$4,192
Mortgage P&I
63%
$1,937
Property Taxes
35%
$1,088
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$369
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$338