This property looks like a bad Mid-Term investment with a projected -0.49% first-year return on $90,009 initial cash invested.
-0.49%
Cash On Cash
6.94%
Cap Rate
1.06
DSCR
$3,562
Rent
-$37
Cashflow
Cash Flow
$3,562 income − $3,599 expenses = $37 out of pocket
Investment Breakdown
|
Purchase Price
$343k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,009
Downpayment
20%
$68,580
Closing costs
1%
$3,429
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,562
Total Expenses
$3,599
Mortgage P&I
53%
$1,878
Property Taxes
11%
$399
Home Insurance
3%
$112
HOA
0%
$0
Property Management
12%
$427
CapEx
4%
$142
Vacancy
3%
$107
Maintenance
4%
$142
Other
11%
$392