This property looks like a bad Mid-Term investment with a projected -5.85% first-year return on $89,190 initial cash invested.
-5.85%
Cash On Cash
5.44%
Cap Rate
0.82
DSCR
$2,475
Rent
-$435
Cashflow
Cash Flow
$2,475 income − $2,910 expenses = $435 out of pocket
Investment Breakdown
|
Purchase Price
$339k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,190
Downpayment
20%
$67,800
Closing costs
1%
$3,390
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,475
Total Expenses
$2,910
Mortgage P&I
76%
$1,874
Property Taxes
3%
$76
Home Insurance
5%
$119
HOA
0%
$0
Property Management
12%
$297
CapEx
4%
$99
Vacancy
3%
$74
Maintenance
4%
$99
Other
11%
$272