This property looks like a bad Mid-Term investment with a projected -2.31% first-year return on $89,862 initial cash invested.
-2.31%
Cash On Cash
6.27%
Cap Rate
0.99
DSCR
$3,657
Rent
-$173
Cashflow
Cash Flow
$3,657 income − $3,830 expenses = $173 out of pocket
Investment Breakdown
|
Purchase Price
$342k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,862
Downpayment
20%
$68,440
Closing costs
1%
$3,422
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,657
Total Expenses
$3,830
Mortgage P&I
50%
$1,814
Property Taxes
18%
$651
Home Insurance
3%
$122
HOA
0%
$0
Property Management
12%
$439
CapEx
4%
$146
Vacancy
3%
$110
Maintenance
4%
$146
Other
11%
$402