This property looks like a bad Mid-Term investment with a projected -7.22% first-year return on $89,631 initial cash invested.
-7.22%
Cash On Cash
4.65%
Cap Rate
0.76
DSCR
$2,814
Rent
-$539
Cashflow
Cash Flow
$2,814 income − $3,353 expenses = $539 out of pocket
Investment Breakdown
|
Purchase Price
$341k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,631
Downpayment
20%
$68,220
Closing costs
1%
$3,411
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,814
Total Expenses
$3,353
Mortgage P&I
62%
$1,749
Property Taxes
19%
$524
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$338
CapEx
4%
$113
Vacancy
3%
$84
Maintenance
4%
$113
Other
11%
$310