This property looks like a bad Mid-Term investment with a projected -5.51% first-year return on $91,290 initial cash invested.
-5.51%
Cash On Cash
5.65%
Cap Rate
0.84
DSCR
$2,918
Rent
-$419
Cashflow
Cash Flow
$2,918 income − $3,337 expenses = $419 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
$2,918
Total Expenses
$3,337
Mortgage P&I
67%
$1,946
Property Taxes
9%
$276
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$350
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$321