This property looks like a bad Mid-Term investment with a projected -1.62% first-year return on $89,904 initial cash invested.
-1.62%
Cash On Cash
6.13%
Cap Rate
1
DSCR
$2,816
Rent
-$121
Cashflow
Cash Flow
$2,816 income − $2,937 expenses = $121 out of pocket
Investment Breakdown
|
Purchase Price
$342k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,904
Downpayment
20%
$68,480
Closing costs
1%
$3,424
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,816
Total Expenses
$2,937
Mortgage P&I
62%
$1,758
Property Taxes
4%
$99
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$338
CapEx
4%
$113
Vacancy
3%
$84
Maintenance
4%
$113
Other
11%
$310