This property looks like a bad Mid-Term investment with a projected -5.08% first-year return on $91,185 initial cash invested.
-5.08%
Cash On Cash
4.98%
Cap Rate
0.83
DSCR
$2,361
Rent
-$386
Cashflow
Cash Flow
$2,361 income − $2,747 expenses = $386 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,185
Downpayment
20%
$69,700
Closing costs
1%
$3,485
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,361
Total Expenses
$2,747
Mortgage P&I
74%
$1,739
Property Taxes
3%
$80
Home Insurance
5%
$126
HOA
0%
$0
Property Management
12%
$283
CapEx
4%
$94
Vacancy
3%
$71
Maintenance
4%
$94
Other
11%
$260