This property looks like a bad Mid-Term investment with a projected -1.96% first-year return on $90,618 initial cash invested.
-1.96%
Cash On Cash
6.39%
Cap Rate
1
DSCR
$3,498
Rent
-$148
Cashflow
Cash Flow
$3,498 income − $3,646 expenses = $148 out of pocket
Investment Breakdown
|
Purchase Price
$346k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,618
Downpayment
20%
$69,160
Closing costs
1%
$3,458
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,498
Total Expenses
$3,646
Mortgage P&I
53%
$1,848
Property Taxes
13%
$459
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$420
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$385