This property looks like a bad Mid-Term investment with a projected -8.83% first-year return on $89,190 initial cash invested.
-8.83%
Cash On Cash
4.34%
Cap Rate
0.68
DSCR
$2,006
Rent
-$656
Cashflow
Cash Flow
$2,006 income − $2,662 expenses = $656 out of pocket
Investment Breakdown
|
Purchase Price
$339k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,006
Total Expenses
$2,662
Mortgage P&I
90%
$1,803
Property Taxes
3%
$58
Home Insurance
6%
$119
HOA
0%
$0
Property Management
12%
$241
CapEx
4%
$80
Vacancy
3%
$60
Maintenance
4%
$80
Other
11%
$221