This property looks like a bad Mid-Term investment with a projected -7.31% first-year return on $91,290 initial cash invested.
-7.31%
Cash On Cash
5.24%
Cap Rate
0.77
DSCR
$2,511
Rent
-$556
Cashflow
Cash Flow
$2,511 income − $3,067 expenses = $556 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.7%
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
$2,511
Total Expenses
$3,067
Mortgage P&I
79%
$1,981
Property Taxes
4%
$112
Home Insurance
5%
$122
HOA
0%
$0
Property Management
12%
$301
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$276