This property looks like a bad Mid-Term investment with a projected -1.6% first-year return on $89,988 initial cash invested.
-1.6%
Cash On Cash
6.7%
Cap Rate
1.01
DSCR
$3,620
Rent
-$120
Cashflow
Cash Flow
$3,620 income − $3,740 expenses = $120 out of pocket
Investment Breakdown
|
Purchase Price
$343k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,988
Downpayment
20%
$68,560
Closing costs
1%
$3,428
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,620
Total Expenses
$3,740
Mortgage P&I
52%
$1,889
Property Taxes
14%
$498
Home Insurance
3%
$122
HOA
0%
$0
Property Management
12%
$434
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$398