This property looks like a bad Mid-Term investment with a projected -2.82% first-year return on $88,812 initial cash invested.
-2.82%
Cash On Cash
6.16%
Cap Rate
0.95
DSCR
$3,096
Rent
-$209
Cashflow
Cash Flow
$3,096 income − $3,305 expenses = $209 out of pocket
Investment Breakdown
|
Purchase Price
$337k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,812
Downpayment
20%
$67,440
Closing costs
1%
$3,372
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,096
Total Expenses
$3,305
Mortgage P&I
59%
$1,817
Property Taxes
10%
$313
Home Insurance
4%
$121
HOA
0%
$0
Property Management
12%
$372
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$341