This property looks like a bad Mid-Term investment with a projected -6.32% first-year return on $89,190 initial cash invested.
-6.32%
Cash On Cash
4.69%
Cap Rate
0.78
DSCR
$2,392
Rent
-$470
Cashflow
Cash Flow
$2,392 income − $2,862 expenses = $470 out of pocket
Investment Breakdown
|
Purchase Price
$339k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,190
Downpayment
20%
$67,800
Closing costs
1%
$3,390
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,392
Total Expenses
$2,862
Mortgage P&I
71%
$1,698
Property Taxes
10%
$231
Home Insurance
5%
$119
HOA
0%
$0
Property Management
12%
$287
CapEx
4%
$96
Vacancy
3%
$72
Maintenance
4%
$96
Other
11%
$263