This property looks like a bad Mid-Term investment with a projected -3.96% first-year return on $88,770 initial cash invested.
-3.96%
Cash On Cash
6.15%
Cap Rate
0.91
DSCR
$2,992
Rent
-$293
Cashflow
Cash Flow
$2,992 income − $3,285 expenses = $293 out of pocket
Investment Breakdown
|
Purchase Price
$337k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,770
Downpayment
20%
$67,400
Closing costs
1%
$3,370
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,992
Total Expenses
$3,285
Mortgage P&I
64%
$1,900
Property Taxes
8%
$245
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$359
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$329