This property looks like a bad Mid-Term investment with a projected -4.95% first-year return on $89,904 initial cash invested.
-4.95%
Cash On Cash
5.62%
Cap Rate
0.86
DSCR
$2,835
Rent
-$371
Cashflow
Cash Flow
$2,835 income − $3,206 expenses = $371 out of pocket
Investment Breakdown
|
Purchase Price
$342k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,904
Downpayment
20%
$68,480
Closing costs
1%
$3,424
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,835
Total Expenses
$3,206
Mortgage P&I
66%
$1,861
Property Taxes
9%
$260
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$340
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$312