This property looks like a bad Mid-Term investment with a projected -2.09% first-year return on $89,190 initial cash invested.
-2.09%
Cash On Cash
6.29%
Cap Rate
0.98
DSCR
$2,826
Rent
-$155
Cashflow
Cash Flow
$2,826 income − $2,981 expenses = $155 out of pocket
Investment Breakdown
|
Purchase Price
$339k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,826
Total Expenses
$2,981
Mortgage P&I
64%
$1,819
Property Taxes
3%
$82
Home Insurance
4%
$119
HOA
0%
$0
Property Management
12%
$339
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$311