This property looks like a bad Mid-Term investment with a projected -0.75% first-year return on $89,085 initial cash invested.
-0.75%
Cash On Cash
6.81%
Cap Rate
1.04
DSCR
$3,102
Rent
-$56
Cashflow
Cash Flow
$3,102 income − $3,158 expenses = $56 out of pocket
Investment Breakdown
|
Purchase Price
$339k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,085
Downpayment
20%
$67,700
Closing costs
1%
$3,385
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,102
Total Expenses
$3,158
Mortgage P&I
60%
$1,853
Property Taxes
4%
$130
Home Insurance
4%
$121
HOA
0%
$0
Property Management
12%
$372
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$341