This property looks like a bad Mid-Term investment with a projected -9.13% first-year return on $91,311 initial cash invested.
-9.13%
Cash On Cash
4.58%
Cap Rate
0.69
DSCR
$2,578
Rent
-$695
Cashflow
Cash Flow
$2,578 income − $3,273 expenses = $695 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,311
Downpayment
20%
$69,820
Closing costs
1%
$3,491
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,578
Total Expenses
$3,273
Mortgage P&I
75%
$1,924
Property Taxes
11%
$287
Home Insurance
7%
$186
HOA
0%
$0
Property Management
12%
$309
CapEx
4%
$103
Vacancy
3%
$77
Maintenance
4%
$103
Other
11%
$284