This property looks like a bad Mid-Term investment with a projected -2.08% first-year return on $89,274 initial cash invested.
-2.08%
Cash On Cash
6.34%
Cap Rate
0.98
DSCR
$3,142
Rent
-$155
Cashflow
Cash Flow
$3,142 income − $3,297 expenses = $155 out of pocket
Investment Breakdown
|
Purchase Price
$339k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,274
Downpayment
20%
$67,880
Closing costs
1%
$3,394
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,142
Total Expenses
$3,297
Mortgage P&I
58%
$1,823
Property Taxes
9%
$284
Home Insurance
4%
$121
HOA
0%
$0
Property Management
12%
$377
CapEx
4%
$126
Vacancy
3%
$94
Maintenance
4%
$126
Other
11%
$346