This property looks like a bad Mid-Term investment with a projected -4.98% first-year return on $89,190 initial cash invested.
-4.98%
Cash On Cash
5.75%
Cap Rate
0.87
DSCR
$3,048
Rent
-$370
Cashflow
Cash Flow
$3,048 income − $3,418 expenses = $370 out of pocket
Investment Breakdown
|
Purchase Price
$339k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,048
Total Expenses
$3,418
Mortgage P&I
61%
$1,873
Property Taxes
6%
$190
Home Insurance
4%
$119
HOA
7%
$200
Property Management
12%
$366
CapEx
4%
$122
Vacancy
3%
$91
Maintenance
4%
$122
Other
11%
$335