This property looks like a bad Mid-Term investment with a projected -0.09% first-year return on $88,665 initial cash invested.
-0.09%
Cash On Cash
6.5%
Cap Rate
1.07
DSCR
$2,968
Rent
-$7
Cashflow
Cash Flow
$2,968 income − $2,975 expenses = $7 out of pocket
Investment Breakdown
|
Purchase Price
$337k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,665
Downpayment
20%
$67,300
Closing costs
1%
$3,365
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,968
Total Expenses
$2,975
Mortgage P&I
58%
$1,711
Property Taxes
4%
$133
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$356
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$326