This property looks like a bad Mid-Term investment with a projected -1.01% first-year return on $90,177 initial cash invested.
-1.01%
Cash On Cash
6.5%
Cap Rate
1.03
DSCR
$3,080
Rent
-$76
Cashflow
Cash Flow
$3,080 income − $3,156 expenses = $76 out of pocket
Investment Breakdown
|
Purchase Price
$344k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,177
Downpayment
20%
$68,740
Closing costs
1%
$3,437
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,080
Total Expenses
$3,156
Mortgage P&I
59%
$1,814
Property Taxes
6%
$173
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$370
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$339