This property looks like a bad Mid-Term investment with a projected -4.71% first-year return on $90,282 initial cash invested.
-4.71%
Cash On Cash
5.85%
Cap Rate
0.87
DSCR
$2,854
Rent
-$354
Cashflow
Cash Flow
$2,854 income − $3,208 expenses = $354 out of pocket
Investment Breakdown
|
Purchase Price
$344k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,282
Downpayment
20%
$68,840
Closing costs
1%
$3,442
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,854
Total Expenses
$3,208
Mortgage P&I
67%
$1,917
Property Taxes
6%
$182
Home Insurance
4%
$124
HOA
1%
$15
Property Management
12%
$342
CapEx
4%
$114
Vacancy
3%
$86
Maintenance
4%
$114
Other
11%
$314