This property looks like a bad Mid-Term investment with a projected -6.28% first-year return on $89,253 initial cash invested.
-6.28%
Cash On Cash
5.33%
Cap Rate
0.81
DSCR
$2,952
Rent
-$467
Cashflow
Cash Flow
$2,952 income − $3,419 expenses = $467 out of pocket
Investment Breakdown
|
Purchase Price
$339k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,253
Downpayment
20%
$67,860
Closing costs
1%
$3,393
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,952
Total Expenses
$3,419
Mortgage P&I
63%
$1,856
Property Taxes
14%
$423
Home Insurance
5%
$136
HOA
0%
$0
Property Management
12%
$354
CapEx
4%
$118
Vacancy
3%
$89
Maintenance
4%
$118
Other
11%
$325