This property looks like a bad Mid-Term investment with a projected -5.3% first-year return on $88,812 initial cash invested.
-5.3%
Cash On Cash
5.61%
Cap Rate
0.85
DSCR
$2,745
Rent
-$392
Cashflow
Cash Flow
$2,745 income − $3,137 expenses = $392 out of pocket
Investment Breakdown
|
Purchase Price
$337k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,812
Downpayment
20%
$67,440
Closing costs
1%
$3,372
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,745
Total Expenses
$3,137
Mortgage P&I
68%
$1,858
Property Taxes
8%
$227
Home Insurance
4%
$119
HOA
0%
$0
Property Management
12%
$329
CapEx
4%
$110
Vacancy
3%
$82
Maintenance
4%
$110
Other
11%
$302