This property looks like a bad Mid-Term investment with a projected -7.69% first-year return on $89,862 initial cash invested.
-7.69%
Cash On Cash
5.1%
Cap Rate
0.76
DSCR
$2,664
Rent
-$576
Cashflow
Cash Flow
$2,664 income − $3,240 expenses = $576 out of pocket
Investment Breakdown
|
Purchase Price
$342k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,862
Downpayment
20%
$68,440
Closing costs
1%
$3,422
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,664
Total Expenses
$3,240
Mortgage P&I
72%
$1,924
Property Taxes
11%
$287
Home Insurance
5%
$122
HOA
0%
$0
Property Management
12%
$320
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$293