This property looks like a bad Mid-Term investment with a projected -3.49% first-year return on $89,715 initial cash invested.
-3.49%
Cash On Cash
5.98%
Cap Rate
0.92
DSCR
$2,924
Rent
-$261
Cashflow
Cash Flow
$2,924 income − $3,185 expenses = $261 out of pocket
Investment Breakdown
|
Purchase Price
$342k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,715
Downpayment
20%
$68,300
Closing costs
1%
$3,415
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,924
Total Expenses
$3,185
Mortgage P&I
63%
$1,847
Property Taxes
8%
$221
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$351
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$322