This property looks like a bad Mid-Term investment with a projected -2.95% first-year return on $89,862 initial cash invested.
-2.95%
Cash On Cash
5.79%
Cap Rate
0.94
DSCR
$3,052
Rent
-$221
Cashflow
Cash Flow
$3,052 income − $3,273 expenses = $221 out of pocket
Investment Breakdown
|
Purchase Price
$342k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,862
Downpayment
20%
$68,440
Closing costs
1%
$3,422
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,052
Total Expenses
$3,273
Mortgage P&I
57%
$1,749
Property Taxes
12%
$365
Home Insurance
4%
$121
HOA
0%
$0
Property Management
12%
$366
CapEx
4%
$122
Vacancy
3%
$92
Maintenance
4%
$122
Other
11%
$336