This property looks like a bad Mid-Term investment with a projected -2.08% first-year return on $91,185 initial cash invested.
-2.08%
Cash On Cash
6.4%
Cap Rate
0.98
DSCR
$3,150
Rent
-$158
Cashflow
Cash Flow
$3,150 income − $3,308 expenses = $158 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,185
Downpayment
20%
$69,700
Closing costs
1%
$3,485
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,150
Total Expenses
$3,308
Mortgage P&I
60%
$1,892
Property Taxes
7%
$224
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$378
CapEx
4%
$126
Vacancy
3%
$94
Maintenance
4%
$126
Other
11%
$346