This property looks like a bad Mid-Term investment with a projected -2.39% first-year return on $90,723 initial cash invested.
-2.39%
Cash On Cash
5.84%
Cap Rate
0.96
DSCR
$2,778
Rent
-$181
Cashflow
Cash Flow
$2,778 income − $2,959 expenses = $181 out of pocket
Investment Breakdown
|
Purchase Price
$346k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,723
Downpayment
20%
$69,260
Closing costs
1%
$3,463
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,778
Total Expenses
$2,959
Mortgage P&I
63%
$1,756
Property Taxes
5%
$137
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$333
CapEx
4%
$111
Vacancy
3%
$83
Maintenance
4%
$111
Other
11%
$306