This property looks like a bad Mid-Term investment with a projected -3.23% first-year return on $89,190 initial cash invested.
-3.23%
Cash On Cash
5.7%
Cap Rate
0.93
DSCR
$2,938
Rent
-$240
Cashflow
Cash Flow
$2,938 income − $3,178 expenses = $240 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
$2,938
Total Expenses
$3,178
Mortgage P&I
59%
$1,731
Property Taxes
11%
$328
Home Insurance
4%
$119
HOA
0%
$0
Property Management
12%
$353
CapEx
4%
$118
Vacancy
3%
$88
Maintenance
4%
$118
Other
11%
$323