This property looks like a bad Mid-Term investment with a projected -7.37% first-year return on $90,240 initial cash invested.
-7.37%
Cash On Cash
4.99%
Cap Rate
0.76
DSCR
$2,514
Rent
-$554
Cashflow
Cash Flow
$2,514 income − $3,068 expenses = $554 out of pocket
Investment Breakdown
|
Purchase Price
$344k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,514
Total Expenses
$3,068
Mortgage P&I
75%
$1,884
Property Taxes
8%
$193
Home Insurance
5%
$122
HOA
1%
$13
Property Management
12%
$302
CapEx
4%
$101
Vacancy
3%
$75
Maintenance
4%
$101
Other
11%
$277