This property looks like a bad Mid-Term investment with a projected -2.79% first-year return on $90,198 initial cash invested.
-2.79%
Cash On Cash
6.36%
Cap Rate
0.96
DSCR
$3,186
Rent
-$210
Cashflow
Cash Flow
$3,186 income − $3,396 expenses = $210 out of pocket
Investment Breakdown
|
Purchase Price
$344k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,186
Total Expenses
$3,396
Mortgage P&I
60%
$1,905
Property Taxes
9%
$287
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$382
CapEx
4%
$127
Vacancy
3%
$96
Maintenance
4%
$127
Other
11%
$350