This property looks like a bad Mid-Term investment with a projected -4.74% first-year return on $88,854 initial cash invested.
-4.74%
Cash On Cash
5.67%
Cap Rate
0.87
DSCR
$3,006
Rent
-$351
Cashflow
Cash Flow
$3,006 income − $3,357 expenses = $351 out of pocket
Investment Breakdown
|
Purchase Price
$337k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,854
Downpayment
20%
$67,480
Closing costs
1%
$3,374
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,006
Total Expenses
$3,357
Mortgage P&I
61%
$1,826
Property Taxes
13%
$395
Home Insurance
4%
$114
HOA
0%
$0
Property Management
12%
$361
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$331