This property looks like a bad Mid-Term investment with a projected -9.02% first-year return on $90,324 initial cash invested.
-9.02%
Cash On Cash
4.58%
Cap Rate
0.7
DSCR
$3,092
Rent
-$679
Cashflow
Cash Flow
$3,092 income − $3,771 expenses = $679 out of pocket
Investment Breakdown
|
Purchase Price
$344k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,324
Downpayment
20%
$68,880
Closing costs
1%
$3,444
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,092
Total Expenses
$3,771
Mortgage P&I
60%
$1,869
Property Taxes
19%
$598
Home Insurance
4%
$122
HOA
4%
$130
Property Management
12%
$371
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$340