This property looks like a bad Mid-Term investment with a projected -3.34% first-year return on $89,505 initial cash invested.
-3.34%
Cash On Cash
6.14%
Cap Rate
0.93
DSCR
$2,872
Rent
-$249
Cashflow
Cash Flow
$2,872 income − $3,121 expenses = $249 out of pocket
Investment Breakdown
|
Purchase Price
$341k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,505
Downpayment
20%
$68,100
Closing costs
1%
$3,405
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,872
Total Expenses
$3,121
Mortgage P&I
65%
$1,876
Property Taxes
5%
$146
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$345
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$316