This property looks like a bad Mid-Term investment with a projected -2.87% first-year return on $88,644 initial cash invested.
-2.87%
Cash On Cash
6.19%
Cap Rate
0.95
DSCR
$3,060
Rent
-$212
Cashflow
Cash Flow
$3,060 income − $3,272 expenses = $212 out of pocket
Investment Breakdown
|
Purchase Price
$336k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,644
Downpayment
20%
$67,280
Closing costs
1%
$3,364
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,060
Total Expenses
$3,272
Mortgage P&I
60%
$1,826
Property Taxes
9%
$284
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$367
CapEx
4%
$122
Vacancy
3%
$92
Maintenance
4%
$122
Other
11%
$337