This property looks like a bad Mid-Term investment with a projected -4.5% first-year return on $90,912 initial cash invested.
-4.5%
Cash On Cash
5.37%
Cap Rate
0.87
DSCR
$2,913
Rent
-$341
Cashflow
Cash Flow
$2,913 income − $3,254 expenses = $341 out of pocket
Investment Breakdown
|
Purchase Price
$347k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,912
Downpayment
20%
$69,440
Closing costs
1%
$3,472
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,913
Total Expenses
$3,254
Mortgage P&I
61%
$1,777
Property Taxes
13%
$364
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$350
CapEx
4%
$117
Vacancy
3%
$87
Maintenance
4%
$117
Other
11%
$320