This property looks like a bad Mid-Term investment with a projected -5.31% first-year return on $89,673 initial cash invested.
-5.31%
Cash On Cash
5.55%
Cap Rate
0.85
DSCR
$2,920
Rent
-$397
Cashflow
Cash Flow
$2,920 income − $3,317 expenses = $397 out of pocket
Investment Breakdown
|
Purchase Price
$341k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,673
Downpayment
20%
$68,260
Closing costs
1%
$3,413
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,920
Total Expenses
$3,317
Mortgage P&I
64%
$1,859
Property Taxes
12%
$343
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$350
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$321