This property looks like a bad Mid-Term investment with a projected -9.76% first-year return on $88,980 initial cash invested.
-9.76%
Cash On Cash
4.49%
Cap Rate
0.67
DSCR
$2,472
Rent
-$724
Cashflow
Cash Flow
$2,472 income − $3,196 expenses = $724 out of pocket
Investment Breakdown
|
Purchase Price
$338k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,472
Total Expenses
$3,196
Mortgage P&I
76%
$1,889
Property Taxes
14%
$344
Home Insurance
5%
$122
HOA
0%
$0
Property Management
12%
$297
CapEx
4%
$99
Vacancy
3%
$74
Maintenance
4%
$99
Other
11%
$272