This property looks like a bad Mid-Term investment with a projected -0.07% first-year return on $90,261 initial cash invested.
-0.07%
Cash On Cash
6.68%
Cap Rate
1.06
DSCR
$3,030
Rent
-$5
Cashflow
Cash Flow
$3,030 income − $3,035 expenses = $5 out of pocket
Investment Breakdown
|
Purchase Price
$344k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,261
Downpayment
20%
$68,820
Closing costs
1%
$3,441
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,030
Total Expenses
$3,035
Mortgage P&I
59%
$1,799
Property Taxes
3%
$84
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$364
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$333