This property looks like a bad Mid-Term investment with a projected -5.85% first-year return on $90,660 initial cash invested.
-5.85%
Cash On Cash
5.5%
Cap Rate
0.83
DSCR
$3,195
Rent
-$442
Cashflow
Cash Flow
$3,195 income − $3,637 expenses = $442 out of pocket
Investment Breakdown
|
Purchase Price
$346k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,660
Downpayment
20%
$69,200
Closing costs
1%
$3,460
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,195
Total Expenses
$3,637
Mortgage P&I
59%
$1,900
Property Taxes
16%
$512
Home Insurance
4%
$139
HOA
0%
$0
Property Management
12%
$383
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$351