This property looks like a bad Mid-Term investment with a projected -1.21% first-year return on $90,870 initial cash invested.
-1.21%
Cash On Cash
6.21%
Cap Rate
1.01
DSCR
$2,856
Rent
-$92
Cashflow
Cash Flow
$2,856 income − $2,948 expenses = $92 out of pocket
Investment Breakdown
|
Purchase Price
$347k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,856
Total Expenses
$2,948
Mortgage P&I
62%
$1,773
Property Taxes
3%
$82
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$343
CapEx
4%
$114
Vacancy
3%
$86
Maintenance
4%
$114
Other
11%
$314