This property looks like a bad Mid-Term investment with a projected -12.96% first-year return on $91,290 initial cash invested.
-12.96%
Cash On Cash
3.65%
Cap Rate
0.54
DSCR
$1,959
Rent
-$986
Cashflow
Cash Flow
$1,959 income − $2,945 expenses = $986 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.6%
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
$1,959
Total Expenses
$2,945
Mortgage P&I
101%
$1,970
Property Taxes
10%
$188
Home Insurance
6%
$122
HOA
0%
$0
Property Management
12%
$235
CapEx
4%
$78
Vacancy
3%
$59
Maintenance
4%
$78
Other
11%
$215