This property looks like a bad Mid-Term investment with a projected -5.25% first-year return on $89,610 initial cash invested.
-5.25%
Cash On Cash
5.51%
Cap Rate
0.84
DSCR
$2,558
Rent
-$392
Cashflow
Cash Flow
$2,558 income − $2,950 expenses = $392 out of pocket
Investment Breakdown
|
Purchase Price
$341k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,610
Downpayment
20%
$68,200
Closing costs
1%
$3,410
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,558
Total Expenses
$2,950
Mortgage P&I
73%
$1,856
Property Taxes
4%
$104
Home Insurance
5%
$121
HOA
0%
$0
Property Management
12%
$307
CapEx
4%
$102
Vacancy
3%
$77
Maintenance
4%
$102
Other
11%
$281