This property looks like a bad Mid-Term investment with a projected -5.19% first-year return on $91,101 initial cash invested.
-5.19%
Cash On Cash
5.71%
Cap Rate
0.86
DSCR
$2,860
Rent
-$394
Cashflow
Cash Flow
$2,860 income − $3,254 expenses = $394 out of pocket
Investment Breakdown
|
Purchase Price
$348k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,101
Downpayment
20%
$69,620
Closing costs
1%
$3,481
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,860
Total Expenses
$3,254
Mortgage P&I
68%
$1,935
Property Taxes
8%
$217
Home Insurance
5%
$130
HOA
0%
$0
Property Management
12%
$343
CapEx
4%
$114
Vacancy
3%
$86
Maintenance
4%
$114
Other
11%
$315