This property looks like a bad Mid-Term investment with a projected -8.11% first-year return on $91,290 initial cash invested.
-8.11%
Cash On Cash
4.81%
Cap Rate
0.73
DSCR
$2,322
Rent
-$617
Cashflow
Cash Flow
$2,322 income − $2,939 expenses = $617 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
$2,322
Total Expenses
$2,939
Mortgage P&I
83%
$1,923
Property Taxes
4%
$104
Home Insurance
5%
$122
HOA
0%
$0
Property Management
12%
$279
CapEx
4%
$93
Vacancy
3%
$70
Maintenance
4%
$93
Other
11%
$255