This property looks like a bad Mid-Term investment with a projected -6.73% first-year return on $90,219 initial cash invested.
-6.73%
Cash On Cash
4.98%
Cap Rate
0.78
DSCR
$2,330
Rent
-$506
Cashflow
Cash Flow
$2,330 income − $2,836 expenses = $506 out of pocket
Investment Breakdown
|
Purchase Price
$344k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,219
Downpayment
20%
$68,780
Closing costs
1%
$3,439
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,330
Total Expenses
$2,836
Mortgage P&I
79%
$1,840
Property Taxes
4%
$82
Home Insurance
5%
$122
HOA
0%
$0
Property Management
12%
$280
CapEx
4%
$93
Vacancy
3%
$70
Maintenance
4%
$93
Other
11%
$256