This property looks like a bad Mid-Term investment with a projected -5.19% first-year return on $91,017 initial cash invested.
-5.19%
Cash On Cash
5.62%
Cap Rate
0.85
DSCR
$2,820
Rent
-$394
Cashflow
Cash Flow
$2,820 income − $3,214 expenses = $394 out of pocket
Investment Breakdown
|
Purchase Price
$348k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,820
Total Expenses
$3,214
Mortgage P&I
68%
$1,908
Property Taxes
8%
$225
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$338
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$310