This property looks like a bad Mid-Term investment with a projected -63.61% first-year return on $88,728 initial cash invested.
-63.61%
Cash On Cash
-10.11%
Cap Rate
-1.62
DSCR
$2,913
Rent
-$4,703
Cashflow
Cash Flow
$2,913 income − $7,616 expenses = $4,703 out of pocket
Investment Breakdown
|
Purchase Price
$337k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,913
Total Expenses
$7,616
Mortgage P&I
60%
$1,749
Property Taxes
163%
$4,750
Home Insurance
4%
$122
HOA
0%
$4
Property Management
12%
$350
CapEx
4%
$117
Vacancy
3%
$87
Maintenance
4%
$117
Other
11%
$320