This property looks like a bad Mid-Term investment with a projected -1.85% first-year return on $90,660 initial cash invested.
-1.85%
Cash On Cash
6.52%
Cap Rate
0.99
DSCR
$3,153
Rent
-$140
Cashflow
Cash Flow
$3,153 income − $3,293 expenses = $140 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
$3,153
Total Expenses
$3,293
Mortgage P&I
60%
$1,895
Property Taxes
6%
$204
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$378
CapEx
4%
$126
Vacancy
3%
$95
Maintenance
4%
$126
Other
11%
$347