This property looks like a bad Mid-Term investment with a projected -3.37% first-year return on $90,765 initial cash invested.
-3.37%
Cash On Cash
5.99%
Cap Rate
0.93
DSCR
$3,106
Rent
-$255
Cashflow
Cash Flow
$3,106 income − $3,361 expenses = $255 out of pocket
Investment Breakdown
|
Purchase Price
$347k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,765
Downpayment
20%
$69,300
Closing costs
1%
$3,465
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,106
Total Expenses
$3,361
Mortgage P&I
60%
$1,862
Property Taxes
10%
$321
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$373
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$342