This property looks like a bad Mid-Term investment with a projected -2.95% first-year return on $89,526 initial cash invested.
-2.95%
Cash On Cash
6.45%
Cap Rate
0.96
DSCR
$3,428
Rent
-$220
Cashflow
Cash Flow
$3,428 income − $3,648 expenses = $220 out of pocket
Investment Breakdown
|
Purchase Price
$341k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,526
Downpayment
20%
$68,120
Closing costs
1%
$3,406
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,428
Total Expenses
$3,648
Mortgage P&I
56%
$1,914
Property Taxes
13%
$449
Home Insurance
4%
$120
HOA
0%
$0
Property Management
12%
$411
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$377