This property looks like a bad Mid-Term investment with a projected -7.08% first-year return on $90,219 initial cash invested.
-7.08%
Cash On Cash
5.08%
Cap Rate
0.78
DSCR
$2,928
Rent
-$532
Cashflow
Cash Flow
$2,928 income − $3,460 expenses = $532 out of pocket
Investment Breakdown
|
Purchase Price
$344k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,219
Downpayment
20%
$68,780
Closing costs
1%
$3,439
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,928
Total Expenses
$3,460
Mortgage P&I
64%
$1,871
Property Taxes
16%
$474
Home Insurance
4%
$120
HOA
0%
$0
Property Management
12%
$351
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$322