This property looks like a bad Mid-Term investment with a projected -2.52% first-year return on $89,946 initial cash invested.
-2.52%
Cash On Cash
6.25%
Cap Rate
0.96
DSCR
$2,862
Rent
-$189
Cashflow
Cash Flow
$2,862 income − $3,051 expenses = $189 out of pocket
Investment Breakdown
|
Purchase Price
$343k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,946
Downpayment
20%
$68,520
Closing costs
1%
$3,426
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,862
Total Expenses
$3,051
Mortgage P&I
65%
$1,858
Property Taxes
3%
$99
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$343
CapEx
4%
$114
Vacancy
3%
$86
Maintenance
4%
$114
Other
11%
$315