This property looks like a bad Mid-Term investment with a projected -3.54% first-year return on $90,912 initial cash invested.
-3.54%
Cash On Cash
6.24%
Cap Rate
0.92
DSCR
$2,976
Rent
-$268
Cashflow
Cash Flow
$2,976 income − $3,244 expenses = $268 out of pocket
Investment Breakdown
|
Purchase Price
$347k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,912
Downpayment
20%
$69,440
Closing costs
1%
$3,472
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,976
Total Expenses
$3,244
Mortgage P&I
66%
$1,953
Property Taxes
5%
$138
Home Insurance
4%
$124
HOA
1%
$18
Property Management
12%
$357
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$327