This property looks like a bad Mid-Term investment with a projected -0.11% first-year return on $89,715 initial cash invested.
-0.11%
Cash On Cash
6.78%
Cap Rate
1.06
DSCR
$2,962
Rent
-$8
Cashflow
Cash Flow
$2,962 income − $2,970 expenses = $8 out of pocket
Investment Breakdown
|
Purchase Price
$342k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,715
Downpayment
20%
$68,300
Closing costs
1%
$3,415
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,962
Total Expenses
$2,970
Mortgage P&I
61%
$1,819
Property Taxes
1%
$23
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$355
CapEx
4%
$118
Vacancy
3%
$89
Maintenance
4%
$118
Other
11%
$326