This property looks like a bad Mid-Term investment with a projected -0.51% first-year return on $89,568 initial cash invested.
-0.51%
Cash On Cash
6.96%
Cap Rate
1.05
DSCR
$3,264
Rent
-$38
Cashflow
Cash Flow
$3,264 income − $3,302 expenses = $38 out of pocket
Investment Breakdown
|
Purchase Price
$341k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,568
Downpayment
20%
$68,160
Closing costs
1%
$3,408
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,264
Total Expenses
$3,302
Mortgage P&I
58%
$1,883
Property Taxes
6%
$191
Home Insurance
4%
$117
HOA
0%
$0
Property Management
12%
$392
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$359