This property looks like a bad Mid-Term investment with a projected -4.25% first-year return on $90,639 initial cash invested.
-4.25%
Cash On Cash
5.6%
Cap Rate
0.88
DSCR
$2,692
Rent
-$321
Cashflow
Cash Flow
$2,692 income − $3,013 expenses = $321 out of pocket
Investment Breakdown
|
Purchase Price
$346k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,639
Downpayment
20%
$69,180
Closing costs
1%
$3,459
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,692
Total Expenses
$3,013
Mortgage P&I
68%
$1,826
Property Taxes
6%
$150
Home Insurance
4%
$121
HOA
0%
$0
Property Management
12%
$323
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$296