This property looks like a bad Mid-Term investment with a projected -0.82% first-year return on $91,143 initial cash invested.
-0.82%
Cash On Cash
6.96%
Cap Rate
1.04
DSCR
$3,396
Rent
-$62
Cashflow
Cash Flow
$3,396 income − $3,458 expenses = $62 out of pocket
Investment Breakdown
|
Purchase Price
$348k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,143
Downpayment
20%
$69,660
Closing costs
1%
$3,483
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,396
Total Expenses
$3,458
Mortgage P&I
57%
$1,947
Property Taxes
6%
$216
Home Insurance
4%
$122
HOA
1%
$17
Property Management
12%
$408
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$374