This property looks like a bad Mid-Term investment with a projected -3.45% first-year return on $90,660 initial cash invested.
-3.45%
Cash On Cash
6.16%
Cap Rate
0.94
DSCR
$3,550
Rent
-$261
Cashflow
Cash Flow
$3,550 income − $3,811 expenses = $261 out of pocket
Investment Breakdown
|
Purchase Price
$346k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,550
Total Expenses
$3,811
Mortgage P&I
53%
$1,895
Property Taxes
17%
$588
Home Insurance
3%
$122
HOA
0%
$0
Property Management
12%
$426
CapEx
4%
$142
Vacancy
3%
$106
Maintenance
4%
$142
Other
11%
$390