This property looks like a bad Mid-Term investment with a projected -5.94% first-year return on $90,240 initial cash invested.
-5.94%
Cash On Cash
4.89%
Cap Rate
0.8
DSCR
$2,380
Rent
-$447
Cashflow
Cash Flow
$2,380 income − $2,827 expenses = $447 out of pocket
Investment Breakdown
|
Purchase Price
$344k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,240
Downpayment
20%
$68,800
Closing costs
1%
$3,440
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,380
Total Expenses
$2,827
Mortgage P&I
74%
$1,755
Property Taxes
6%
$143
Home Insurance
5%
$120
HOA
0%
$0
Property Management
12%
$286
CapEx
4%
$95
Vacancy
3%
$71
Maintenance
4%
$95
Other
11%
$262