This property looks like a bad Mid-Term investment with a projected -7.24% first-year return on $91,353 initial cash invested.
-7.24%
Cash On Cash
4.95%
Cap Rate
0.76
DSCR
$2,422
Rent
-$551
Cashflow
Cash Flow
$2,422 income − $2,973 expenses = $551 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,353
Downpayment
20%
$69,860
Closing costs
1%
$3,493
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,422
Total Expenses
$2,973
Mortgage P&I
78%
$1,894
Property Taxes
5%
$129
Home Insurance
5%
$126
HOA
0%
$0
Property Management
12%
$291
CapEx
4%
$97
Vacancy
3%
$73
Maintenance
4%
$97
Other
11%
$266