This property looks like a bad Mid-Term investment with a projected -10.25% first-year return on $90,261 initial cash invested.
-10.25%
Cash On Cash
4.55%
Cap Rate
0.66
DSCR
$2,535
Rent
-$771
Cashflow
Cash Flow
$2,535 income − $3,306 expenses = $771 out of pocket
Investment Breakdown
|
Purchase Price
$344k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,261
Downpayment
20%
$68,820
Closing costs
1%
$3,441
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,535
Total Expenses
$3,306
Mortgage P&I
78%
$1,976
Property Taxes
13%
$341
Home Insurance
5%
$128
HOA
0%
$0
Property Management
12%
$304
CapEx
4%
$101
Vacancy
3%
$76
Maintenance
4%
$101
Other
11%
$279