This property looks like a bad Mid-Term investment with a projected -5.4% first-year return on $89,925 initial cash invested.
-5.4%
Cash On Cash
5.69%
Cap Rate
0.86
DSCR
$3,303
Rent
-$405
Cashflow
Cash Flow
$3,303 income − $3,708 expenses = $405 out of pocket
Investment Breakdown
|
Purchase Price
$343k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,925
Downpayment
20%
$68,500
Closing costs
1%
$3,425
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,303
Total Expenses
$3,708
Mortgage P&I
57%
$1,896
Property Taxes
16%
$515
Home Insurance
4%
$125
HOA
2%
$50
Property Management
12%
$396
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$363