This property looks like a bad Mid-Term investment with a projected -3.49% first-year return on $90,030 initial cash invested.
-3.49%
Cash On Cash
5.97%
Cap Rate
0.94
DSCR
$3,692
Rent
-$262
Cashflow
Cash Flow
$3,692 income − $3,954 expenses = $262 out of pocket
Investment Breakdown
|
Purchase Price
$343k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,030
Downpayment
20%
$68,600
Closing costs
1%
$3,430
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,692
Total Expenses
$3,954
Mortgage P&I
49%
$1,821
Property Taxes
20%
$755
Home Insurance
3%
$122
HOA
0%
$0
Property Management
12%
$443
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$406