This property looks like a bad Mid-Term investment with a projected -4.89% first-year return on $90,576 initial cash invested.
-4.89%
Cash On Cash
5.82%
Cap Rate
0.87
DSCR
$3,189
Rent
-$369
Cashflow
Cash Flow
$3,189 income − $3,558 expenses = $369 out of pocket
Investment Breakdown
|
Purchase Price
$346k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,576
Downpayment
20%
$69,120
Closing costs
1%
$3,456
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,189
Total Expenses
$3,558
Mortgage P&I
60%
$1,917
Property Taxes
14%
$431
Home Insurance
4%
$122
HOA
0%
$2
Property Management
12%
$383
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$351