This property looks like a bad Mid-Term investment with a projected -1.55% first-year return on $89,715 initial cash invested.
-1.55%
Cash On Cash
6.3%
Cap Rate
1.01
DSCR
$3,280
Rent
-$116
Cashflow
Cash Flow
$3,280 income − $3,396 expenses = $116 out of pocket
Investment Breakdown
|
Purchase Price
$342k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,715
Downpayment
20%
$68,300
Closing costs
1%
$3,415
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,280
Total Expenses
$3,396
Mortgage P&I
54%
$1,778
Property Taxes
12%
$381
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$394
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$361