This property looks like a bad Mid-Term investment with a projected -4.02% first-year return on $90,198 initial cash invested.
-4.02%
Cash On Cash
5.5%
Cap Rate
0.9
DSCR
$3,144
Rent
-$302
Cashflow
Cash Flow
$3,144 income − $3,446 expenses = $302 out of pocket
Investment Breakdown
|
Purchase Price
$344k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,198
Downpayment
20%
$68,760
Closing costs
1%
$3,438
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,144
Total Expenses
$3,446
Mortgage P&I
56%
$1,753
Property Taxes
16%
$502
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$377
CapEx
4%
$126
Vacancy
3%
$94
Maintenance
4%
$126
Other
11%
$346