This property looks like a bad Mid-Term investment with a projected -4.65% first-year return on $89,862 initial cash invested.
-4.65%
Cash On Cash
5.83%
Cap Rate
0.89
DSCR
$3,308
Rent
-$348
Cashflow
Cash Flow
$3,308 income − $3,656 expenses = $348 out of pocket
Investment Breakdown
|
Purchase Price
$342k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,308
Total Expenses
$3,656
Mortgage P&I
57%
$1,879
Property Taxes
16%
$531
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$397
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$364