This property looks like a bad Mid-Term investment with a projected -6.22% first-year return on $89,883 initial cash invested.
-6.22%
Cash On Cash
5.41%
Cap Rate
0.82
DSCR
$3,030
Rent
-$466
Cashflow
Cash Flow
$3,030 income − $3,496 expenses = $466 out of pocket
Investment Breakdown
|
Purchase Price
$342k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,883
Downpayment
20%
$68,460
Closing costs
1%
$3,423
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,030
Total Expenses
$3,496
Mortgage P&I
62%
$1,888
Property Taxes
15%
$456
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$364
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$333