This property looks like a bad Mid-Term investment with a projected -4.87% first-year return on $91,101 initial cash invested.
-4.87%
Cash On Cash
5.25%
Cap Rate
0.85
DSCR
$2,661
Rent
-$370
Cashflow
Cash Flow
$2,661 income − $3,031 expenses = $370 out of pocket
Investment Breakdown
|
Purchase Price
$348k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,101
Downpayment
20%
$69,620
Closing costs
1%
$3,481
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,661
Total Expenses
$3,031
Mortgage P&I
67%
$1,787
Property Taxes
8%
$214
Home Insurance
5%
$126
HOA
0%
$0
Property Management
12%
$319
CapEx
4%
$106
Vacancy
3%
$80
Maintenance
4%
$106
Other
11%
$293