This property looks like a bad Mid-Term investment with a projected -6.03% first-year return on $90,177 initial cash invested.
-6.03%
Cash On Cash
4.96%
Cap Rate
0.81
DSCR
$2,865
Rent
-$453
Cashflow
Cash Flow
$2,865 income − $3,318 expenses = $453 out of pocket
Investment Breakdown
|
Purchase Price
$344k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,865
Total Expenses
$3,318
Mortgage P&I
61%
$1,758
Property Taxes
15%
$442
Home Insurance
5%
$143
HOA
0%
$0
Property Management
12%
$344
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$315