This property looks like a bad Mid-Term investment with a projected -4.39% first-year return on $89,190 initial cash invested.
-4.39%
Cash On Cash
5.83%
Cap Rate
0.89
DSCR
$3,033
Rent
-$326
Cashflow
Cash Flow
$3,033 income − $3,359 expenses = $326 out of pocket
Investment Breakdown
|
Purchase Price
$339k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,033
Total Expenses
$3,359
Mortgage P&I
61%
$1,852
Property Taxes
12%
$355
Home Insurance
4%
$121
HOA
0%
$0
Property Management
12%
$364
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$334