This property looks like a bad Mid-Term investment with a projected -12.75% first-year return on $88,497 initial cash invested.
-12.75%
Cash On Cash
3.38%
Cap Rate
0.52
DSCR
$2,038
Rent
-$940
Cashflow
Cash Flow
$2,038 income − $2,978 expenses = $940 out of pocket
Investment Breakdown
|
Purchase Price
$336k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,497
Downpayment
20%
$67,140
Closing costs
1%
$3,357
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,038
Total Expenses
$2,978
Mortgage P&I
89%
$1,804
Property Taxes
18%
$359
Home Insurance
6%
$121
HOA
0%
$0
Property Management
12%
$245
CapEx
4%
$82
Vacancy
3%
$61
Maintenance
4%
$82
Other
11%
$224