This property looks like a bad Mid-Term investment with a projected -2.05% first-year return on $90,891 initial cash invested.
-2.05%
Cash On Cash
6.5%
Cap Rate
0.99
DSCR
$3,254
Rent
-$155
Cashflow
Cash Flow
$3,254 income − $3,409 expenses = $155 out of pocket
Investment Breakdown
|
Purchase Price
$347k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,891
Downpayment
20%
$69,420
Closing costs
1%
$3,471
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,254
Total Expenses
$3,409
Mortgage P&I
59%
$1,905
Property Taxes
8%
$272
Home Insurance
4%
$126
HOA
0%
$0
Property Management
12%
$390
CapEx
4%
$130
Vacancy
3%
$98
Maintenance
4%
$130
Other
11%
$358