This property looks like a bad Mid-Term investment with a projected -13.67% first-year return on $89,820 initial cash invested.
-13.67%
Cash On Cash
3%
Cap Rate
0.48
DSCR
$2,277
Rent
-$1,023
Cashflow
Cash Flow
$2,277 income − $3,300 expenses = $1,023 out of pocket
Investment Breakdown
|
Purchase Price
$342k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,277
Total Expenses
$3,300
Mortgage P&I
78%
$1,786
Property Taxes
27%
$621
Home Insurance
5%
$120
HOA
0%
$0
Property Management
12%
$273
CapEx
4%
$91
Vacancy
3%
$68
Maintenance
4%
$91
Other
11%
$250