This property looks like a bad Mid-Term investment with a projected -0.21% first-year return on $90,870 initial cash invested.
-0.21%
Cash On Cash
6.56%
Cap Rate
1.06
DSCR
$3,147
Rent
-$16
Cashflow
Cash Flow
$3,147 income − $3,163 expenses = $16 out of pocket
Investment Breakdown
|
Purchase Price
$347k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,870
Downpayment
20%
$69,400
Closing costs
1%
$3,470
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,147
Total Expenses
$3,163
Mortgage P&I
57%
$1,787
Property Taxes
6%
$185
Home Insurance
4%
$121
HOA
0%
$0
Property Management
12%
$378
CapEx
4%
$126
Vacancy
3%
$94
Maintenance
4%
$126
Other
11%
$346