This property looks like a bad Mid-Term investment with a projected -1.6% first-year return on $88,497 initial cash invested.
-1.6%
Cash On Cash
6.82%
Cap Rate
1
DSCR
$2,997
Rent
-$118
Cashflow
Cash Flow
$2,997 income − $3,115 expenses = $118 out of pocket
Investment Breakdown
|
Purchase Price
$336k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,497
Downpayment
20%
$67,140
Closing costs
1%
$3,357
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,997
Total Expenses
$3,115
Mortgage P&I
64%
$1,906
Property Taxes
4%
$112
Home Insurance
3%
$77
HOA
0%
$0
Property Management
12%
$360
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$330