This property looks like a bad Mid-Term investment with a projected -3.06% first-year return on $88,560 initial cash invested.
-3.06%
Cash On Cash
6%
Cap Rate
0.94
DSCR
$2,898
Rent
-$226
Cashflow
Cash Flow
$2,898 income − $3,124 expenses = $226 out of pocket
Investment Breakdown
|
Purchase Price
$336k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,560
Downpayment
20%
$67,200
Closing costs
1%
$3,360
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,898
Total Expenses
$3,124
Mortgage P&I
62%
$1,790
Property Taxes
8%
$227
Home Insurance
4%
$121
HOA
0%
$0
Property Management
12%
$348
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$319