This property looks like a bad Mid-Term investment with a projected -4.17% first-year return on $89,526 initial cash invested.
-4.17%
Cash On Cash
5.89%
Cap Rate
0.9
DSCR
$3,048
Rent
-$311
Cashflow
Cash Flow
$3,048 income − $3,359 expenses = $311 out of pocket
Investment Breakdown
|
Purchase Price
$341k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,526
Downpayment
20%
$68,120
Closing costs
1%
$3,406
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,048
Total Expenses
$3,359
Mortgage P&I
61%
$1,862
Property Taxes
11%
$340
Home Insurance
4%
$121
HOA
0%
$0
Property Management
12%
$366
CapEx
4%
$122
Vacancy
3%
$91
Maintenance
4%
$122
Other
11%
$335