This property looks like a bad Mid-Term investment with a projected -2.04% first-year return on $90,954 initial cash invested.
-2.04%
Cash On Cash
6.34%
Cap Rate
0.99
DSCR
$3,368
Rent
-$155
Cashflow
Cash Flow
$3,368 income − $3,523 expenses = $155 out of pocket
Investment Breakdown
|
Purchase Price
$347k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,954
Downpayment
20%
$69,480
Closing costs
1%
$3,474
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,368
Total Expenses
$3,523
Mortgage P&I
55%
$1,856
Property Taxes
8%
$273
Home Insurance
4%
$149
HOA
3%
$100
Property Management
12%
$404
CapEx
4%
$135
Vacancy
3%
$101
Maintenance
4%
$135
Other
11%
$370