This property looks like a bad Mid-Term investment with a projected -4.65% first-year return on $89,988 initial cash invested.
-4.65%
Cash On Cash
5.31%
Cap Rate
0.87
DSCR
$2,895
Rent
-$349
Cashflow
Cash Flow
$2,895 income − $3,244 expenses = $349 out of pocket
Investment Breakdown
|
Purchase Price
$343k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,988
Downpayment
20%
$68,560
Closing costs
1%
$3,428
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,895
Total Expenses
$3,244
Mortgage P&I
60%
$1,750
Property Taxes
13%
$388
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$347
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$318