This property looks like a bad Mid-Term investment with a projected -3.47% first-year return on $90,282 initial cash invested.
-3.47%
Cash On Cash
5.87%
Cap Rate
0.92
DSCR
$2,823
Rent
-$261
Cashflow
Cash Flow
$2,823 income − $3,084 expenses = $261 out of pocket
Investment Breakdown
|
Purchase Price
$344k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,823
Total Expenses
$3,084
Mortgage P&I
65%
$1,832
Property Taxes
6%
$163
Home Insurance
5%
$128
HOA
0%
$0
Property Management
12%
$339
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$311