This property looks like a bad Mid-Term investment with a projected -5.48% first-year return on $90,870 initial cash invested.
-5.48%
Cash On Cash
5.66%
Cap Rate
0.85
DSCR
$2,940
Rent
-$415
Cashflow
Cash Flow
$2,940 income − $3,355 expenses = $415 out of pocket
Investment Breakdown
|
Purchase Price
$347k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,870
Downpayment
20%
$69,400
Closing costs
1%
$3,470
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,940
Total Expenses
$3,355
Mortgage P&I
66%
$1,933
Property Taxes
10%
$303
Home Insurance
4%
$119
HOA
0%
$0
Property Management
12%
$353
CapEx
4%
$118
Vacancy
3%
$88
Maintenance
4%
$118
Other
11%
$323