This property looks like a bad Mid-Term investment with a projected -6.52% first-year return on $90,156 initial cash invested.
-6.52%
Cash On Cash
4.8%
Cap Rate
0.78
DSCR
$2,668
Rent
-$490
Cashflow
Cash Flow
$2,668 income − $3,158 expenses = $490 out of pocket
Investment Breakdown
|
Purchase Price
$344k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,156
Downpayment
20%
$68,720
Closing costs
1%
$3,436
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,668
Total Expenses
$3,158
Mortgage P&I
66%
$1,756
Property Taxes
14%
$373
Home Insurance
5%
$122
HOA
0%
$0
Property Management
12%
$320
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$293