This property looks like a bad Mid-Term investment with a projected -3.32% first-year return on $90,660 initial cash invested.
-3.32%
Cash On Cash
5.83%
Cap Rate
0.93
DSCR
$2,884
Rent
-$251
Cashflow
Cash Flow
$2,884 income − $3,135 expenses = $251 out of pocket
Investment Breakdown
|
Purchase Price
$346k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,660
Downpayment
20%
$69,200
Closing costs
1%
$3,460
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,884
Total Expenses
$3,135
Mortgage P&I
63%
$1,818
Property Taxes
7%
$215
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$346
CapEx
4%
$115
Vacancy
3%
$87
Maintenance
4%
$115
Other
11%
$317