This property looks like a bad Mid-Term investment with a projected -6% first-year return on $89,820 initial cash invested.
-6%
Cash On Cash
5.36%
Cap Rate
0.83
DSCR
$3,534
Rent
-$449
Cashflow
Cash Flow
$3,534 income − $3,983 expenses = $449 out of pocket
Investment Breakdown
|
Purchase Price
$342k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,820
Downpayment
20%
$68,400
Closing costs
1%
$3,420
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,534
Total Expenses
$3,983
Mortgage P&I
52%
$1,837
Property Taxes
16%
$580
Home Insurance
3%
$120
HOA
7%
$245
Property Management
12%
$424
CapEx
4%
$141
Vacancy
3%
$106
Maintenance
4%
$141
Other
11%
$389