This property looks like a bad Mid-Term investment with a projected -4% first-year return on $89,652 initial cash invested.
-4%
Cash On Cash
5.58%
Cap Rate
0.9
DSCR
$2,880
Rent
-$299
Cashflow
Cash Flow
$2,880 income − $3,179 expenses = $299 out of pocket
Investment Breakdown
|
Purchase Price
$341k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,652
Downpayment
20%
$68,240
Closing costs
1%
$3,412
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,880
Total Expenses
$3,179
Mortgage P&I
62%
$1,772
Property Taxes
11%
$306
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$346
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$317