This property looks like a bad Mid-Term investment with a projected -5.89% first-year return on $91,290 initial cash invested.
-5.89%
Cash On Cash
5.38%
Cap Rate
0.83
DSCR
$3,009
Rent
-$448
Cashflow
Cash Flow
$3,009 income − $3,457 expenses = $448 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,009
Total Expenses
$3,457
Mortgage P&I
63%
$1,892
Property Taxes
14%
$421
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$361
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$331