This property looks like a bad Mid-Term investment with a projected -4.08% first-year return on $91,164 initial cash invested.
-4.08%
Cash On Cash
5.79%
Cap Rate
0.91
DSCR
$3,426
Rent
-$310
Cashflow
Cash Flow
$3,426 income − $3,736 expenses = $310 out of pocket
Investment Breakdown
|
Purchase Price
$348k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,164
Downpayment
20%
$69,680
Closing costs
1%
$3,484
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,426
Total Expenses
$3,736
Mortgage P&I
54%
$1,854
Property Taxes
17%
$591
Home Insurance
4%
$126
HOA
0%
$0
Property Management
12%
$411
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$377