This property looks like a bad Mid-Term investment with a projected -3.31% first-year return on $91,080 initial cash invested.
-3.31%
Cash On Cash
5.99%
Cap Rate
0.93
DSCR
$3,076
Rent
-$251
Cashflow
Cash Flow
$3,076 income − $3,327 expenses = $251 out of pocket
Investment Breakdown
|
Purchase Price
$348k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,080
Downpayment
20%
$69,600
Closing costs
1%
$3,480
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,076
Total Expenses
$3,327
Mortgage P&I
61%
$1,866
Property Taxes
8%
$256
Home Insurance
4%
$122
HOA
1%
$38
Property Management
12%
$369
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$338