This property looks like a bad Mid-Term investment with a projected -13.24% first-year return on $91,290 initial cash invested.
-13.24%
Cash On Cash
3.49%
Cap Rate
0.52
DSCR
$2,168
Rent
-$1,007
Cashflow
Cash Flow
$2,168 income − $3,175 expenses = $1,007 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,168
Total Expenses
$3,175
Mortgage P&I
89%
$1,934
Property Taxes
18%
$382
Home Insurance
6%
$122
HOA
0%
$0
Property Management
12%
$260
CapEx
4%
$87
Vacancy
3%
$65
Maintenance
4%
$87
Other
11%
$238