This property looks like a bad Mid-Term investment with a projected -3.25% first-year return on $89,085 initial cash invested.
-3.25%
Cash On Cash
6.08%
Cap Rate
0.93
DSCR
$2,781
Rent
-$241
Cashflow
Cash Flow
$2,781 income − $3,022 expenses = $241 out of pocket
Investment Breakdown
|
Purchase Price
$339k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,781
Total Expenses
$3,022
Mortgage P&I
66%
$1,844
Property Taxes
4%
$111
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$334
CapEx
4%
$111
Vacancy
3%
$83
Maintenance
4%
$111
Other
11%
$306