This property looks like a bad Mid-Term investment with a projected -2.01% first-year return on $89,526 initial cash invested.
-2.01%
Cash On Cash
6.01%
Cap Rate
0.98
DSCR
$2,796
Rent
-$150
Cashflow
Cash Flow
$2,796 income − $2,946 expenses = $150 out of pocket
Investment Breakdown
|
Purchase Price
$341k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,526
Downpayment
20%
$68,120
Closing costs
1%
$3,406
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,796
Total Expenses
$2,946
Mortgage P&I
62%
$1,743
Property Taxes
5%
$129
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$336
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$308