This property looks like a bad Mid-Term investment with a projected -9.08% first-year return on $91,290 initial cash invested.
-9.08%
Cash On Cash
4.14%
Cap Rate
0.67
DSCR
$2,136
Rent
-$691
Cashflow
Cash Flow
$2,136 income − $2,827 expenses = $691 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,136
Total Expenses
$2,827
Mortgage P&I
85%
$1,809
Property Taxes
8%
$171
Home Insurance
6%
$122
HOA
0%
$0
Property Management
12%
$256
CapEx
4%
$85
Vacancy
3%
$64
Maintenance
4%
$85
Other
11%
$235