This property looks like a bad Mid-Term investment with a projected -3.94% first-year return on $91,290 initial cash invested.
-3.94%
Cash On Cash
6%
Cap Rate
0.91
DSCR
$3,244
Rent
-$300
Cashflow
Cash Flow
$3,244 income − $3,544 expenses = $300 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,290
Downpayment
20%
$69,800
Closing costs
1%
$3,490
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,244
Total Expenses
$3,544
Mortgage P&I
59%
$1,916
Property Taxes
12%
$403
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$389
CapEx
4%
$130
Vacancy
3%
$97
Maintenance
4%
$130
Other
11%
$357