This property looks like a bad Mid-Term investment with a projected -12.06% first-year return on $90,240 initial cash invested.
-12.06%
Cash On Cash
3.22%
Cap Rate
0.52
DSCR
$1,575
Rent
-$907
Cashflow
Cash Flow
$1,575 income − $2,482 expenses = $907 out of pocket
Investment Breakdown
|
Purchase Price
$344k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,240
Downpayment
20%
$68,800
Closing costs
1%
$3,440
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,575
Total Expenses
$2,482
Mortgage P&I
112%
$1,768
Property Taxes
4%
$59
Home Insurance
8%
$120
HOA
0%
$0
Property Management
12%
$189
CapEx
4%
$63
Vacancy
3%
$47
Maintenance
4%
$63
Other
11%
$173