This property looks like a bad Mid-Term investment with a projected -3.39% first-year return on $90,030 initial cash invested.
-3.39%
Cash On Cash
5.63%
Cap Rate
0.92
DSCR
$2,986
Rent
-$254
Cashflow
Cash Flow
$2,986 income − $3,240 expenses = $254 out of pocket
Investment Breakdown
|
Purchase Price
$343k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,030
Downpayment
20%
$68,600
Closing costs
1%
$3,430
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,986
Total Expenses
$3,240
Mortgage P&I
58%
$1,743
Property Taxes
12%
$361
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$358
CapEx
4%
$119
Vacancy
3%
$90
Maintenance
4%
$119
Other
11%
$328