This property looks like a bad Mid-Term investment with a projected -4.9% first-year return on $91,290 initial cash invested.
-4.9%
Cash On Cash
5.83%
Cap Rate
0.87
DSCR
$3,082
Rent
-$373
Cashflow
Cash Flow
$3,082 income − $3,455 expenses = $373 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.5%
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
$3,082
Total Expenses
$3,455
Mortgage P&I
63%
$1,946
Property Taxes
11%
$336
Home Insurance
4%
$126
HOA
0%
$0
Property Management
12%
$370
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$339