This property looks like a bad Mid-Term investment with a projected -4.06% first-year return on $88,602 initial cash invested.
-4.06%
Cash On Cash
6.11%
Cap Rate
0.91
DSCR
$3,224
Rent
-$300
Cashflow
Cash Flow
$3,224 income − $3,524 expenses = $300 out of pocket
Investment Breakdown
|
Purchase Price
$336k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,602
Downpayment
20%
$67,240
Closing costs
1%
$3,362
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,224
Total Expenses
$3,524
Mortgage P&I
58%
$1,882
Property Taxes
13%
$424
Home Insurance
4%
$121
HOA
0%
$0
Property Management
12%
$387
CapEx
4%
$129
Vacancy
3%
$97
Maintenance
4%
$129
Other
11%
$355