This property looks like a bad Mid-Term investment with a projected -11.1% first-year return on $89,211 initial cash invested.
-11.1%
Cash On Cash
3.86%
Cap Rate
0.59
DSCR
$1,839
Rent
-$825
Cashflow
Cash Flow
$1,839 income − $2,664 expenses = $825 out of pocket
Investment Breakdown
|
Purchase Price
$339k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,211
Downpayment
20%
$67,820
Closing costs
1%
$3,391
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,839
Total Expenses
$2,664
Mortgage P&I
100%
$1,843
Property Taxes
4%
$73
Home Insurance
7%
$122
HOA
0%
$0
Property Management
12%
$221
CapEx
4%
$74
Vacancy
3%
$55
Maintenance
4%
$74
Other
11%
$202