This property looks like a bad Mid-Term investment with a projected -4.18% first-year return on $88,686 initial cash invested.
-4.18%
Cash On Cash
5.5%
Cap Rate
0.88
DSCR
$2,582
Rent
-$309
Cashflow
Cash Flow
$2,582 income − $2,891 expenses = $309 out of pocket
Investment Breakdown
|
Purchase Price
$337k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,686
Downpayment
20%
$67,320
Closing costs
1%
$3,366
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,582
Total Expenses
$2,891
Mortgage P&I
68%
$1,748
Property Taxes
3%
$82
Home Insurance
5%
$122
HOA
2%
$62
Property Management
12%
$310
CapEx
4%
$103
Vacancy
3%
$77
Maintenance
4%
$103
Other
11%
$284