This property looks like a bad Mid-Term investment with a projected -7.62% first-year return on $90,660 initial cash invested.
-7.62%
Cash On Cash
4.43%
Cap Rate
0.72
DSCR
$2,028
Rent
-$576
Cashflow
Cash Flow
$2,028 income − $2,604 expenses = $576 out of pocket
Investment Breakdown
|
Purchase Price
$346k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,028
Total Expenses
$2,604
Mortgage P&I
87%
$1,771
Property Taxes
1%
$23
Home Insurance
6%
$121
HOA
0%
$0
Property Management
12%
$243
CapEx
4%
$81
Vacancy
3%
$61
Maintenance
4%
$81
Other
11%
$223