This property looks like a bad Mid-Term investment with a projected -3.71% first-year return on $88,896 initial cash invested.
-3.71%
Cash On Cash
5.89%
Cap Rate
0.91
DSCR
$2,996
Rent
-$275
Cashflow
Cash Flow
$2,996 income − $3,271 expenses = $275 out of pocket
Investment Breakdown
|
Purchase Price
$338k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,896
Downpayment
20%
$67,520
Closing costs
1%
$3,376
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,996
Total Expenses
$3,271
Mortgage P&I
60%
$1,811
Property Taxes
11%
$320
Home Insurance
4%
$120
HOA
0%
$0
Property Management
12%
$360
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$330