This property looks like a bad Mid-Term investment with a projected -5.98% first-year return on $89,862 initial cash invested.
-5.98%
Cash On Cash
5.37%
Cap Rate
0.82
DSCR
$2,598
Rent
-$448
Cashflow
Cash Flow
$2,598 income − $3,046 expenses = $448 out of pocket
Investment Breakdown
|
Purchase Price
$342k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,862
Downpayment
20%
$68,440
Closing costs
1%
$3,422
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,598
Total Expenses
$3,046
Mortgage P&I
72%
$1,875
Property Taxes
6%
$165
Home Insurance
5%
$122
HOA
0%
$0
Property Management
12%
$312
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$286