This property looks like a bad Mid-Term investment with a projected -0.54% first-year return on $89,505 initial cash invested.
-0.54%
Cash On Cash
6.63%
Cap Rate
1.06
DSCR
$3,566
Rent
-$40
Cashflow
Cash Flow
$3,566 income − $3,606 expenses = $40 out of pocket
Investment Breakdown
|
Purchase Price
$341k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,505
Downpayment
20%
$68,100
Closing costs
1%
$3,405
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,566
Total Expenses
$3,606
Mortgage P&I
50%
$1,778
Property Taxes
13%
$460
Home Insurance
3%
$122
HOA
1%
$33
Property Management
12%
$428
CapEx
4%
$143
Vacancy
3%
$107
Maintenance
4%
$143
Other
11%
$392