This property looks like a bad Mid-Term investment with a projected -6.15% first-year return on $88,560 initial cash invested.
-6.15%
Cash On Cash
5.33%
Cap Rate
0.81
DSCR
$2,619
Rent
-$454
Cashflow
Cash Flow
$2,619 income − $3,073 expenses = $454 out of pocket
Investment Breakdown
|
Purchase Price
$336k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,560
Downpayment
20%
$67,200
Closing costs
1%
$3,360
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,619
Total Expenses
$3,073
Mortgage P&I
70%
$1,841
Property Taxes
8%
$222
Home Insurance
5%
$119
HOA
0%
$0
Property Management
12%
$314
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$288