This property looks like a bad Mid-Term investment with a projected -7.28% first-year return on $89,526 initial cash invested.
-7.28%
Cash On Cash
5%
Cap Rate
0.77
DSCR
$2,728
Rent
-$543
Cashflow
Cash Flow
$2,728 income − $3,271 expenses = $543 out of pocket
Investment Breakdown
|
Purchase Price
$341k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,526
Downpayment
20%
$68,120
Closing costs
1%
$3,406
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,728
Total Expenses
$3,271
Mortgage P&I
68%
$1,853
Property Taxes
13%
$365
Home Insurance
5%
$126
HOA
0%
$0
Property Management
12%
$327
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$300