This property looks like a bad Mid-Term investment with a projected -5.59% first-year return on $90,198 initial cash invested.
-5.59%
Cash On Cash
5.52%
Cap Rate
0.84
DSCR
$2,972
Rent
-$420
Cashflow
Cash Flow
$2,972 income − $3,392 expenses = $420 out of pocket
Investment Breakdown
|
Purchase Price
$344k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,198
Downpayment
20%
$68,760
Closing costs
1%
$3,438
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,972
Total Expenses
$3,392
Mortgage P&I
63%
$1,883
Property Taxes
12%
$363
Home Insurance
4%
$122
HOA
0%
$13
Property Management
12%
$357
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$327