This property looks like a bad Mid-Term investment with a projected -0.66% first-year return on $91,143 initial cash invested.
-0.66%
Cash On Cash
6.83%
Cap Rate
1.04
DSCR
$3,308
Rent
-$50
Cashflow
Cash Flow
$3,308 income − $3,358 expenses = $50 out of pocket
Investment Breakdown
|
Purchase Price
$348k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,143
Downpayment
20%
$69,660
Closing costs
1%
$3,483
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,308
Total Expenses
$3,358
Mortgage P&I
57%
$1,901
Property Taxes
7%
$216
Home Insurance
4%
$117
HOA
0%
$0
Property Management
12%
$397
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$364