This property looks like a bad Mid-Term investment with a projected -2.7% first-year return on $88,938 initial cash invested.
-2.7%
Cash On Cash
6.23%
Cap Rate
0.97
DSCR
$3,801
Rent
-$200
Cashflow
Cash Flow
$3,801 income − $4,001 expenses = $200 out of pocket
Investment Breakdown
|
Purchase Price
$338k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,938
Downpayment
20%
$67,560
Closing costs
1%
$3,378
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,801
Total Expenses
$4,001
Mortgage P&I
47%
$1,802
Property Taxes
21%
$788
Home Insurance
3%
$119
HOA
0%
$0
Property Management
12%
$456
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$418