This property looks like a bad Mid-Term investment with a projected -2.99% first-year return on $91,080 initial cash invested.
-2.99%
Cash On Cash
6.32%
Cap Rate
0.96
DSCR
$3,624
Rent
-$227
Cashflow
Cash Flow
$3,624 income − $3,851 expenses = $227 out of pocket
Investment Breakdown
|
Purchase Price
$348k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,080
Downpayment
20%
$69,600
Closing costs
1%
$3,480
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,624
Total Expenses
$3,851
Mortgage P&I
53%
$1,914
Property Taxes
16%
$582
Home Insurance
3%
$122
HOA
0%
$0
Property Management
12%
$435
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$399