This property looks like a bad Mid-Term investment with a projected -2.33% first-year return on $90,135 initial cash invested.
-2.33%
Cash On Cash
6.53%
Cap Rate
0.98
DSCR
$3,531
Rent
-$175
Cashflow
Cash Flow
$3,531 income − $3,706 expenses = $175 out of pocket
Investment Breakdown
|
Purchase Price
$344k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,531
Total Expenses
$3,706
Mortgage P&I
54%
$1,904
Property Taxes
14%
$478
Home Insurance
4%
$124
HOA
0%
$0
Property Management
12%
$424
CapEx
4%
$141
Vacancy
3%
$106
Maintenance
4%
$141
Other
11%
$388