This property looks like a bad Mid-Term investment with a projected -1.99% first-year return on $91,185 initial cash invested.
-1.99%
Cash On Cash
6.44%
Cap Rate
1
DSCR
$3,614
Rent
-$151
Cashflow
Cash Flow
$3,614 income − $3,765 expenses = $151 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,185
Downpayment
20%
$69,700
Closing costs
1%
$3,485
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,614
Total Expenses
$3,765
Mortgage P&I
52%
$1,876
Property Taxes
15%
$540
Home Insurance
3%
$119
HOA
0%
$0
Property Management
12%
$434
CapEx
4%
$145
Vacancy
3%
$108
Maintenance
4%
$145
Other
11%
$398