This property looks like a bad Mid-Term investment with a projected -6.66% first-year return on $89,778 initial cash invested.
-6.66%
Cash On Cash
5.07%
Cap Rate
0.81
DSCR
$3,915
Rent
-$498
Cashflow
Cash Flow
$3,915 income − $4,413 expenses = $498 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
$3,915
Total Expenses
$4,413
Mortgage P&I
46%
$1,785
Property Taxes
24%
$942
Home Insurance
3%
$122
HOA
6%
$232
Property Management
12%
$470
CapEx
4%
$157
Vacancy
3%
$117
Maintenance
4%
$157
Other
11%
$431