This property looks like a bad Mid-Term investment with a projected -7.47% first-year return on $91,185 initial cash invested.
-7.47%
Cash On Cash
4.8%
Cap Rate
0.75
DSCR
$2,313
Rent
-$568
Cashflow
Cash Flow
$2,313 income − $2,881 expenses = $568 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,313
Total Expenses
$2,881
Mortgage P&I
81%
$1,868
Property Taxes
5%
$104
Home Insurance
5%
$122
HOA
0%
$0
Property Management
12%
$278
CapEx
4%
$93
Vacancy
3%
$69
Maintenance
4%
$93
Other
11%
$254