This property looks like a bad Mid-Term investment with a projected -4.37% first-year return on $91,143 initial cash invested.
-4.37%
Cash On Cash
5.29%
Cap Rate
0.87
DSCR
$2,560
Rent
-$332
Cashflow
Cash Flow
$2,560 income − $2,892 expenses = $332 out of pocket
Investment Breakdown
|
Purchase Price
$348k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,143
Downpayment
20%
$69,660
Closing costs
1%
$3,483
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,560
Total Expenses
$2,892
Mortgage P&I
69%
$1,764
Property Taxes
5%
$136
Home Insurance
5%
$122
HOA
0%
$0
Property Management
12%
$307
CapEx
4%
$102
Vacancy
3%
$77
Maintenance
4%
$102
Other
11%
$282