This property looks like a bad Mid-Term investment with a projected -0.5% first-year return on $90,324 initial cash invested.
-0.5%
Cash On Cash
6.52%
Cap Rate
1.05
DSCR
$3,267
Rent
-$38
Cashflow
Cash Flow
$3,267 income − $3,305 expenses = $38 out of pocket
Investment Breakdown
|
Purchase Price
$344k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,324
Downpayment
20%
$68,880
Closing costs
1%
$3,444
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,267
Total Expenses
$3,305
Mortgage P&I
54%
$1,779
Property Taxes
6%
$194
Home Insurance
4%
$122
HOA
3%
$99
Property Management
12%
$392
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$359