This property looks like a bad Mid-Term investment with a projected -3.14% first-year return on $91,290 initial cash invested.
-3.14%
Cash On Cash
5.67%
Cap Rate
0.93
DSCR
$2,775
Rent
-$239
Cashflow
Cash Flow
$2,775 income − $3,014 expenses = $239 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,775
Total Expenses
$3,014
Mortgage P&I
64%
$1,778
Property Taxes
6%
$165
Home Insurance
4%
$122
HOA
0%
$6
Property Management
12%
$333
CapEx
4%
$111
Vacancy
3%
$83
Maintenance
4%
$111
Other
11%
$305