This property looks like a bad Mid-Term investment with a projected -2.12% first-year return on $88,917 initial cash invested.
-2.12%
Cash On Cash
6.03%
Cap Rate
0.98
DSCR
$3,030
Rent
-$157
Cashflow
Cash Flow
$3,030 income − $3,187 expenses = $157 out of pocket
Investment Breakdown
|
Purchase Price
$338k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,917
Downpayment
20%
$67,540
Closing costs
1%
$3,377
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,030
Total Expenses
$3,187
Mortgage P&I
57%
$1,732
Property Taxes
10%
$303
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$364
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$333