This property looks like a bad Mid-Term investment with a projected -3.08% first-year return on $91,311 initial cash invested.
-3.08%
Cash On Cash
5.7%
Cap Rate
0.93
DSCR
$2,894
Rent
-$234
Cashflow
Cash Flow
$2,894 income − $3,128 expenses = $234 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,311
Downpayment
20%
$69,820
Closing costs
1%
$3,491
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,894
Total Expenses
$3,128
Mortgage P&I
61%
$1,775
Property Taxes
6%
$162
Home Insurance
4%
$121
HOA
3%
$86
Property Management
12%
$347
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$318