This property looks like a bad Mid-Term investment with a projected -3.04% first-year return on $90,702 initial cash invested.
-3.04%
Cash On Cash
6.24%
Cap Rate
0.96
DSCR
$3,734
Rent
-$230
Cashflow
Cash Flow
$3,734 income − $3,964 expenses = $230 out of pocket
Investment Breakdown
|
Purchase Price
$346k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,702
Downpayment
20%
$69,240
Closing costs
1%
$3,462
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,734
Total Expenses
$3,964
Mortgage P&I
50%
$1,881
Property Taxes
19%
$692
Home Insurance
3%
$122
HOA
0%
$0
Property Management
12%
$448
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$411