This property looks like a bad Mid-Term investment with a projected -5.76% first-year return on $90,051 initial cash invested.
-5.76%
Cash On Cash
5.51%
Cap Rate
0.83
DSCR
$2,842
Rent
-$432
Cashflow
Cash Flow
$2,842 income − $3,274 expenses = $432 out of pocket
Investment Breakdown
|
Purchase Price
$343k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,051
Downpayment
20%
$68,620
Closing costs
1%
$3,431
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,842
Total Expenses
$3,274
Mortgage P&I
67%
$1,894
Property Taxes
10%
$289
Home Insurance
4%
$124
HOA
0%
$0
Property Management
12%
$341
CapEx
4%
$114
Vacancy
3%
$85
Maintenance
4%
$114
Other
11%
$313