This property looks like a bad Mid-Term investment with a projected -5.65% first-year return on $88,749 initial cash invested.
-5.65%
Cash On Cash
5.36%
Cap Rate
0.83
DSCR
$2,991
Rent
-$418
Cashflow
Cash Flow
$2,991 income − $3,409 expenses = $418 out of pocket
Investment Breakdown
|
Purchase Price
$337k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,749
Downpayment
20%
$67,380
Closing costs
1%
$3,369
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,991
Total Expenses
$3,409
Mortgage P&I
60%
$1,803
Property Taxes
16%
$472
Home Insurance
4%
$116
HOA
0%
$0
Property Management
12%
$359
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$329