This property looks like a bad Mid-Term investment with a projected -3.66% first-year return on $89,925 initial cash invested.
-3.66%
Cash On Cash
6.11%
Cap Rate
0.92
DSCR
$2,937
Rent
-$274
Cashflow
Cash Flow
$2,937 income − $3,211 expenses = $274 out of pocket
Investment Breakdown
|
Purchase Price
$343k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,925
Downpayment
20%
$68,500
Closing costs
1%
$3,425
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,937
Total Expenses
$3,211
Mortgage P&I
65%
$1,902
Property Taxes
6%
$190
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$352
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$323