This property looks like a bad Mid-Term investment with a projected -5.69% first-year return on $89,631 initial cash invested.
-5.69%
Cash On Cash
5.3%
Cap Rate
0.82
DSCR
$2,472
Rent
-$425
Cashflow
Cash Flow
$2,472 income − $2,897 expenses = $425 out of pocket
Investment Breakdown
|
Purchase Price
$341k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,631
Downpayment
20%
$68,220
Closing costs
1%
$3,411
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,472
Total Expenses
$2,897
Mortgage P&I
74%
$1,832
Property Taxes
4%
$102
Home Insurance
5%
$122
HOA
0%
$0
Property Management
12%
$297
CapEx
4%
$99
Vacancy
3%
$74
Maintenance
4%
$99
Other
11%
$272