This property looks like a bad Mid-Term investment with a projected -3.67% first-year return on $91,248 initial cash invested.
-3.67%
Cash On Cash
6.13%
Cap Rate
0.93
DSCR
$3,530
Rent
-$279
Cashflow
Cash Flow
$3,530 income − $3,809 expenses = $279 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,248
Downpayment
20%
$69,760
Closing costs
1%
$3,488
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,530
Total Expenses
$3,809
Mortgage P&I
54%
$1,919
Property Taxes
10%
$364
Home Insurance
3%
$122
HOA
6%
$204
Property Management
12%
$424
CapEx
4%
$141
Vacancy
3%
$106
Maintenance
4%
$141
Other
11%
$388