This property looks like a bad Mid-Term investment with a projected -4.54% first-year return on $88,980 initial cash invested.
-4.54%
Cash On Cash
5.9%
Cap Rate
0.89
DSCR
$3,074
Rent
-$337
Cashflow
Cash Flow
$3,074 income − $3,411 expenses = $337 out of pocket
Investment Breakdown
|
Purchase Price
$338k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,980
Downpayment
20%
$67,600
Closing costs
1%
$3,380
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,074
Total Expenses
$3,411
Mortgage P&I
61%
$1,876
Property Taxes
11%
$352
Home Insurance
4%
$121
HOA
1%
$17
Property Management
12%
$369
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$338