This property looks like a bad Mid-Term investment with a projected -3.85% first-year return on $89,043 initial cash invested.
-3.85%
Cash On Cash
5.95%
Cap Rate
0.9
DSCR
$2,730
Rent
-$286
Cashflow
Cash Flow
$2,730 income − $3,016 expenses = $286 out of pocket
Investment Breakdown
|
Purchase Price
$338k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,043
Downpayment
20%
$67,660
Closing costs
1%
$3,383
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,730
Total Expenses
$3,016
Mortgage P&I
68%
$1,853
Property Taxes
4%
$114
Home Insurance
4%
$121
HOA
0%
$0
Property Management
12%
$328
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$300