This property looks like a bad Mid-Term investment with a projected -3.82% first-year return on $90,996 initial cash invested.
-3.82%
Cash On Cash
5.87%
Cap Rate
0.91
DSCR
$3,100
Rent
-$290
Cashflow
Cash Flow
$3,100 income − $3,390 expenses = $290 out of pocket
Investment Breakdown
|
Purchase Price
$348k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,996
Downpayment
20%
$69,520
Closing costs
1%
$3,476
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,100
Total Expenses
$3,390
Mortgage P&I
60%
$1,866
Property Taxes
10%
$309
Home Insurance
4%
$129
HOA
1%
$32
Property Management
12%
$372
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$341