This property looks like a bad Mid-Term investment with a projected -2.18% first-year return on $90,135 initial cash invested.
-2.18%
Cash On Cash
6.46%
Cap Rate
0.98
DSCR
$2,938
Rent
-$164
Cashflow
Cash Flow
$2,938 income − $3,102 expenses = $164 out of pocket
Investment Breakdown
|
Purchase Price
$344k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,135
Downpayment
20%
$68,700
Closing costs
1%
$3,435
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,938
Total Expenses
$3,102
Mortgage P&I
64%
$1,894
Property Taxes
3%
$86
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$353
CapEx
4%
$118
Vacancy
3%
$88
Maintenance
4%
$118
Other
11%
$323