This property looks like a bad Mid-Term investment with a projected -4.13% first-year return on $91,164 initial cash invested.
-4.13%
Cash On Cash
5.82%
Cap Rate
0.9
DSCR
$3,118
Rent
-$314
Cashflow
Cash Flow
$3,118 income − $3,432 expenses = $314 out of pocket
Investment Breakdown
|
Purchase Price
$348k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,164
Downpayment
20%
$69,680
Closing costs
1%
$3,484
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,118
Total Expenses
$3,432
Mortgage P&I
60%
$1,878
Property Taxes
11%
$357
Home Insurance
4%
$136
HOA
0%
$0
Property Management
12%
$374
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$343