This property looks like a bad Mid-Term investment with a projected -9.98% first-year return on $88,623 initial cash invested.
-9.98%
Cash On Cash
4.24%
Cap Rate
0.64
DSCR
$2,080
Rent
-$737
Cashflow
Cash Flow
$2,080 income − $2,817 expenses = $737 out of pocket
Investment Breakdown
|
Purchase Price
$336k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,623
Downpayment
20%
$67,260
Closing costs
1%
$3,363
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,080
Total Expenses
$2,817
Mortgage P&I
89%
$1,841
Property Taxes
7%
$138
Home Insurance
6%
$131
HOA
0%
$0
Property Management
12%
$250
CapEx
4%
$83
Vacancy
3%
$62
Maintenance
4%
$83
Other
11%
$229