This property looks like a bad Mid-Term investment with a projected -0.81% first-year return on $90,135 initial cash invested.
-0.81%
Cash On Cash
6.6%
Cap Rate
1.04
DSCR
$3,346
Rent
-$61
Cashflow
Cash Flow
$3,346 income − $3,407 expenses = $61 out of pocket
Investment Breakdown
|
Purchase Price
$344k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,135
Downpayment
20%
$68,700
Closing costs
1%
$3,435
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,346
Total Expenses
$3,407
Mortgage P&I
54%
$1,816
Property Taxes
10%
$332
Home Insurance
4%
$121
HOA
0%
$0
Property Management
12%
$402
CapEx
4%
$134
Vacancy
3%
$100
Maintenance
4%
$134
Other
11%
$368