This property looks like a bad Mid-Term investment with a projected -6.42% first-year return on $88,728 initial cash invested.
-6.42%
Cash On Cash
5.29%
Cap Rate
0.81
DSCR
$2,907
Rent
-$475
Cashflow
Cash Flow
$2,907 income − $3,382 expenses = $475 out of pocket
Investment Breakdown
|
Purchase Price
$337k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,728
Downpayment
20%
$67,360
Closing costs
1%
$3,368
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,907
Total Expenses
$3,382
Mortgage P&I
63%
$1,844
Property Taxes
15%
$436
Home Insurance
4%
$114
HOA
0%
$0
Property Management
12%
$349
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$320