This property looks like a bad Mid-Term investment with a projected -5.73% first-year return on $89,043 initial cash invested.
-5.73%
Cash On Cash
5.01%
Cap Rate
0.82
DSCR
$2,972
Rent
-$425
Cashflow
Cash Flow
$2,972 income − $3,397 expenses = $425 out of pocket
Investment Breakdown
|
Purchase Price
$338k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,043
Downpayment
20%
$67,660
Closing costs
1%
$3,383
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,972
Total Expenses
$3,397
Mortgage P&I
58%
$1,718
Property Taxes
20%
$580
Home Insurance
3%
$88
HOA
0%
$0
Property Management
12%
$357
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$327