This property looks like a bad Mid-Term investment with a projected -2.87% first-year return on $90,051 initial cash invested.
-2.87%
Cash On Cash
5.88%
Cap Rate
0.96
DSCR
$3,429
Rent
-$215
Cashflow
Cash Flow
$3,429 income − $3,644 expenses = $215 out of pocket
Investment Breakdown
|
Purchase Price
$343k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,051
Downpayment
20%
$68,620
Closing costs
1%
$3,431
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,429
Total Expenses
$3,644
Mortgage P&I
51%
$1,759
Property Taxes
17%
$598
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$411
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$377