This property looks like a bad Mid-Term investment with a projected -2.02% first-year return on $88,497 initial cash invested.
-2.02%
Cash On Cash
6.66%
Cap Rate
0.98
DSCR
$2,952
Rent
-$149
Cashflow
Cash Flow
$2,952 income − $3,101 expenses = $149 out of pocket
Investment Breakdown
|
Purchase Price
$336k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,497
Downpayment
20%
$67,140
Closing costs
1%
$3,357
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,952
Total Expenses
$3,101
Mortgage P&I
64%
$1,893
Property Taxes
3%
$85
Home Insurance
4%
$119
HOA
0%
$0
Property Management
12%
$354
CapEx
4%
$118
Vacancy
3%
$89
Maintenance
4%
$118
Other
11%
$325