This property looks like a bad Mid-Term investment with a projected -1.33% first-year return on $89,127 initial cash invested.
-1.33%
Cash On Cash
6.77%
Cap Rate
1.02
DSCR
$3,512
Rent
-$99
Cashflow
Cash Flow
$3,512 income − $3,611 expenses = $99 out of pocket
Investment Breakdown
|
Purchase Price
$339k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,127
Downpayment
20%
$67,740
Closing costs
1%
$3,387
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,512
Total Expenses
$3,611
Mortgage P&I
53%
$1,871
Property Taxes
12%
$416
Home Insurance
3%
$119
HOA
0%
$13
Property Management
12%
$421
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$386