This property looks like a bad Mid-Term investment with a projected -6.3% first-year return on $89,001 initial cash invested.
-6.3%
Cash On Cash
5.43%
Cap Rate
0.82
DSCR
$3,004
Rent
-$467
Cashflow
Cash Flow
$3,004 income − $3,471 expenses = $467 out of pocket
Investment Breakdown
|
Purchase Price
$338k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,001
Downpayment
20%
$67,620
Closing costs
1%
$3,381
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,004
Total Expenses
$3,471
Mortgage P&I
62%
$1,877
Property Taxes
15%
$452
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$360
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$330