This property looks like a bad Mid-Term investment with a projected -8.35% first-year return on $88,812 initial cash invested.
-8.35%
Cash On Cash
4.73%
Cap Rate
0.71
DSCR
$2,212
Rent
-$618
Cashflow
Cash Flow
$2,212 income − $2,830 expenses = $618 out of pocket
Investment Breakdown
|
Purchase Price
$337k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,812
Downpayment
20%
$67,440
Closing costs
1%
$3,372
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,212
Total Expenses
$2,830
Mortgage P&I
84%
$1,858
Property Taxes
5%
$100
Home Insurance
6%
$122
HOA
0%
$0
Property Management
12%
$265
CapEx
4%
$88
Vacancy
3%
$66
Maintenance
4%
$88
Other
11%
$243