This property looks like a bad Mid-Term investment with a projected -3.51% first-year return on $89,547 initial cash invested.
-3.51%
Cash On Cash
5.82%
Cap Rate
0.91
DSCR
$2,708
Rent
-$262
Cashflow
Cash Flow
$2,708 income − $2,970 expenses = $262 out of pocket
Investment Breakdown
|
Purchase Price
$341k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,547
Downpayment
20%
$68,140
Closing costs
1%
$3,407
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,708
Total Expenses
$2,970
Mortgage P&I
67%
$1,807
Property Taxes
5%
$122
Home Insurance
4%
$121
HOA
0%
$0
Property Management
12%
$325
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$298