This property looks like a bad Mid-Term investment with a projected -7.64% first-year return on $91,290 initial cash invested.
-7.64%
Cash On Cash
4.98%
Cap Rate
0.76
DSCR
$3,254
Rent
-$581
Cashflow
Cash Flow
$3,254 income − $3,835 expenses = $581 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
$3,254
Total Expenses
$3,835
Mortgage P&I
58%
$1,900
Property Taxes
18%
$600
Home Insurance
4%
$122
HOA
3%
$107
Property Management
12%
$390
CapEx
4%
$130
Vacancy
3%
$98
Maintenance
4%
$130
Other
11%
$358