This property looks like a bad Mid-Term investment with a projected -0.87% first-year return on $90,870 initial cash invested.
-0.87%
Cash On Cash
6.66%
Cap Rate
1.03
DSCR
$3,154
Rent
-$66
Cashflow
Cash Flow
$3,154 income − $3,220 expenses = $66 out of pocket
Investment Breakdown
|
Purchase Price
$347k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,154
Total Expenses
$3,220
Mortgage P&I
59%
$1,867
Property Taxes
5%
$147
Home Insurance
4%
$121
HOA
0%
$13
Property Management
12%
$378
CapEx
4%
$126
Vacancy
3%
$95
Maintenance
4%
$126
Other
11%
$347