This property looks like a bad Mid-Term investment with a projected -4.4% first-year return on $90,240 initial cash invested.
-4.4%
Cash On Cash
5.99%
Cap Rate
0.9
DSCR
$3,543
Rent
-$331
Cashflow
Cash Flow
$3,543 income − $3,874 expenses = $331 out of pocket
Investment Breakdown
|
Purchase Price
$344k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,543
Total Expenses
$3,874
Mortgage P&I
54%
$1,907
Property Taxes
18%
$642
Home Insurance
3%
$120
HOA
0%
$0
Property Management
12%
$425
CapEx
4%
$142
Vacancy
3%
$106
Maintenance
4%
$142
Other
11%
$390