This property looks like a bad Mid-Term investment with a projected -7.14% first-year return on $88,749 initial cash invested.
-7.14%
Cash On Cash
5.28%
Cap Rate
0.79
DSCR
$3,116
Rent
-$528
Cashflow
Cash Flow
$3,116 income − $3,644 expenses = $528 out of pocket
Investment Breakdown
|
Purchase Price
$337k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,749
Downpayment
20%
$67,380
Closing costs
1%
$3,369
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,116
Total Expenses
$3,644
Mortgage P&I
60%
$1,884
Property Taxes
18%
$572
Home Insurance
4%
$121
HOA
0%
$7
Property Management
12%
$374
CapEx
4%
$125
Vacancy
3%
$93
Maintenance
4%
$125
Other
11%
$343