This property looks like a bad Mid-Term investment with a projected -1.51% first-year return on $89,778 initial cash invested.
-1.51%
Cash On Cash
6.38%
Cap Rate
1
DSCR
$2,914
Rent
-$113
Cashflow
Cash Flow
$2,914 income − $3,027 expenses = $113 out of pocket
Investment Breakdown
|
Purchase Price
$342k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,778
Downpayment
20%
$68,360
Closing costs
1%
$3,418
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,914
Total Expenses
$3,027
Mortgage P&I
62%
$1,813
Property Taxes
3%
$96
Home Insurance
4%
$126
HOA
0%
$0
Property Management
12%
$350
CapEx
4%
$117
Vacancy
3%
$87
Maintenance
4%
$117
Other
11%
$321