This property looks like a bad Mid-Term investment with a projected -0.16% first-year return on $89,925 initial cash invested.
-0.16%
Cash On Cash
6.8%
Cap Rate
1.06
DSCR
$3,219
Rent
-$12
Cashflow
Cash Flow
$3,219 income − $3,231 expenses = $12 out of pocket
Investment Breakdown
|
Purchase Price
$343k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,925
Downpayment
20%
$68,500
Closing costs
1%
$3,425
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,219
Total Expenses
$3,231
Mortgage P&I
57%
$1,823
Property Taxes
6%
$192
Home Insurance
4%
$121
HOA
0%
$0
Property Management
12%
$386
CapEx
4%
$129
Vacancy
3%
$97
Maintenance
4%
$129
Other
11%
$354