This property looks like a bad Mid-Term investment with a projected -6.35% first-year return on $91,017 initial cash invested.
-6.35%
Cash On Cash
4.84%
Cap Rate
0.78
DSCR
$2,385
Rent
-$482
Cashflow
Cash Flow
$2,385 income − $2,867 expenses = $482 out of pocket
Investment Breakdown
|
Purchase Price
$348k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,017
Downpayment
20%
$69,540
Closing costs
1%
$3,477
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,385
Total Expenses
$2,867
Mortgage P&I
75%
$1,789
Property Taxes
4%
$98
Home Insurance
7%
$170
HOA
0%
$0
Property Management
12%
$286
CapEx
4%
$95
Vacancy
3%
$72
Maintenance
4%
$95
Other
11%
$262