This property looks like a bad Mid-Term investment with a projected -7.98% first-year return on $89,190 initial cash invested.
-7.98%
Cash On Cash
4.36%
Cap Rate
0.71
DSCR
$2,319
Rent
-$593
Cashflow
Cash Flow
$2,319 income − $2,912 expenses = $593 out of pocket
Investment Breakdown
|
Purchase Price
$339k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,319
Total Expenses
$2,912
Mortgage P&I
75%
$1,732
Property Taxes
12%
$270
Home Insurance
5%
$121
HOA
0%
$0
Property Management
12%
$278
CapEx
4%
$93
Vacancy
3%
$70
Maintenance
4%
$93
Other
11%
$255