This property looks like a bad Mid-Term investment with a projected -8.73% first-year return on $91,290 initial cash invested.
-8.73%
Cash On Cash
4.55%
Cap Rate
0.7
DSCR
$2,334
Rent
-$664
Cashflow
Cash Flow
$2,334 income − $2,998 expenses = $664 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,334
Total Expenses
$2,998
Mortgage P&I
81%
$1,894
Property Taxes
8%
$189
Home Insurance
5%
$122
HOA
0%
$0
Property Management
12%
$280
CapEx
4%
$93
Vacancy
3%
$70
Maintenance
4%
$93
Other
11%
$257