This property looks like a bad Mid-Term investment with a projected -5.89% first-year return on $91,290 initial cash invested.
-5.89%
Cash On Cash
4.88%
Cap Rate
0.8
DSCR
$2,433
Rent
-$448
Cashflow
Cash Flow
$2,433 income − $2,881 expenses = $448 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,433
Total Expenses
$2,881
Mortgage P&I
73%
$1,771
Property Taxes
7%
$161
Home Insurance
5%
$122
HOA
0%
$0
Property Management
12%
$292
CapEx
4%
$97
Vacancy
3%
$73
Maintenance
4%
$97
Other
11%
$268