This property looks like a bad Mid-Term investment with a projected -3.13% first-year return on $90,093 initial cash invested.
-3.13%
Cash On Cash
6.07%
Cap Rate
0.94
DSCR
$3,027
Rent
-$235
Cashflow
Cash Flow
$3,027 income − $3,262 expenses = $235 out of pocket
Investment Breakdown
|
Purchase Price
$343k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,093
Downpayment
20%
$68,660
Closing costs
1%
$3,433
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,027
Total Expenses
$3,262
Mortgage P&I
61%
$1,850
Property Taxes
9%
$261
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$363
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$333