This property looks like a bad Mid-Term investment with a projected -3.95% first-year return on $88,140 initial cash invested.
-3.95%
Cash On Cash
6.03%
Cap Rate
0.91
DSCR
$2,958
Rent
-$290
Cashflow
Cash Flow
$2,958 income − $3,248 expenses = $290 out of pocket
Investment Breakdown
|
Purchase Price
$334k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,140
Downpayment
20%
$66,800
Closing costs
1%
$3,340
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,958
Total Expenses
$3,248
Mortgage P&I
63%
$1,851
Property Taxes
9%
$270
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$355
CapEx
4%
$118
Vacancy
3%
$89
Maintenance
4%
$118
Other
11%
$325