This property looks like a bad Mid-Term investment with a projected -10.13% first-year return on $91,290 initial cash invested.
-10.13%
Cash On Cash
4.08%
Cap Rate
0.63
DSCR
$2,086
Rent
-$771
Cashflow
Cash Flow
$2,086 income − $2,857 expenses = $771 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,086
Total Expenses
$2,857
Mortgage P&I
90%
$1,876
Property Taxes
7%
$151
Home Insurance
6%
$122
HOA
0%
$0
Property Management
12%
$250
CapEx
4%
$83
Vacancy
3%
$63
Maintenance
4%
$83
Other
11%
$229