This property looks like a bad Mid-Term investment with a projected -1.65% first-year return on $88,938 initial cash invested.
-1.65%
Cash On Cash
6.74%
Cap Rate
1.01
DSCR
$3,606
Rent
-$122
Cashflow
Cash Flow
$3,606 income − $3,728 expenses = $122 out of pocket
Investment Breakdown
|
Purchase Price
$338k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,938
Downpayment
20%
$67,560
Closing costs
1%
$3,378
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,606
Total Expenses
$3,728
Mortgage P&I
52%
$1,876
Property Taxes
14%
$505
Home Insurance
3%
$121
HOA
0%
$0
Property Management
12%
$433
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$397