This property looks like a bad Mid-Term investment with a projected -1.58% first-year return on $90,660 initial cash invested.
-1.58%
Cash On Cash
6.57%
Cap Rate
1.01
DSCR
$3,352
Rent
-$119
Cashflow
Cash Flow
$3,352 income − $3,471 expenses = $119 out of pocket
Investment Breakdown
|
Purchase Price
$346k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,660
Downpayment
20%
$69,200
Closing costs
1%
$3,460
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,352
Total Expenses
$3,471
Mortgage P&I
56%
$1,878
Property Taxes
10%
$331
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$402
CapEx
4%
$134
Vacancy
3%
$101
Maintenance
4%
$134
Other
11%
$369