This property looks like a bad Mid-Term investment with a projected -4.71% first-year return on $90,639 initial cash invested.
-4.71%
Cash On Cash
5.78%
Cap Rate
0.88
DSCR
$3,140
Rent
-$356
Cashflow
Cash Flow
$3,140 income − $3,496 expenses = $356 out of pocket
Investment Breakdown
|
Purchase Price
$346k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,639
Downpayment
20%
$69,180
Closing costs
1%
$3,459
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,140
Total Expenses
$3,496
Mortgage P&I
60%
$1,895
Property Taxes
13%
$411
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$377
CapEx
4%
$126
Vacancy
3%
$94
Maintenance
4%
$126
Other
11%
$345