This property looks like a bad Mid-Term investment with a projected -7.2% first-year return on $89,778 initial cash invested.
-7.2%
Cash On Cash
4.66%
Cap Rate
0.75
DSCR
$2,313
Rent
-$539
Cashflow
Cash Flow
$2,313 income − $2,852 expenses = $539 out of pocket
Investment Breakdown
|
Purchase Price
$342k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,778
Downpayment
20%
$68,360
Closing costs
1%
$3,418
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,313
Total Expenses
$2,852
Mortgage P&I
77%
$1,773
Property Taxes
7%
$170
Home Insurance
5%
$122
HOA
0%
$0
Property Management
12%
$278
CapEx
4%
$93
Vacancy
3%
$69
Maintenance
4%
$93
Other
11%
$254