This property looks like a bad Mid-Term investment with a projected -7.05% first-year return on $89,190 initial cash invested.
-7.05%
Cash On Cash
5.12%
Cap Rate
0.78
DSCR
$2,823
Rent
-$524
Cashflow
Cash Flow
$2,823 income − $3,347 expenses = $524 out of pocket
Investment Breakdown
|
Purchase Price
$339k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,190
Downpayment
20%
$67,800
Closing costs
1%
$3,390
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,823
Total Expenses
$3,347
Mortgage P&I
66%
$1,857
Property Taxes
15%
$410
Home Insurance
4%
$119
HOA
0%
$0
Property Management
12%
$339
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$311