This property looks like a bad Mid-Term investment with a projected -4.4% first-year return on $90,723 initial cash invested.
-4.4%
Cash On Cash
5.73%
Cap Rate
0.89
DSCR
$3,022
Rent
-$333
Cashflow
Cash Flow
$3,022 income − $3,355 expenses = $333 out of pocket
Investment Breakdown
|
Purchase Price
$346k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,723
Downpayment
20%
$69,260
Closing costs
1%
$3,463
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,022
Total Expenses
$3,355
Mortgage P&I
62%
$1,867
Property Taxes
11%
$344
Home Insurance
4%
$116
HOA
0%
$0
Property Management
12%
$363
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$332