This property looks like a bad Mid-Term investment with a projected -1.46% first-year return on $88,917 initial cash invested.
-1.46%
Cash On Cash
6.36%
Cap Rate
1.01
DSCR
$3,292
Rent
-$108
Cashflow
Cash Flow
$3,292 income − $3,400 expenses = $108 out of pocket
Investment Breakdown
|
Purchase Price
$338k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,917
Downpayment
20%
$67,540
Closing costs
1%
$3,377
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,292
Total Expenses
$3,400
Mortgage P&I
54%
$1,767
Property Taxes
12%
$387
Home Insurance
4%
$122
HOA
0%
$4
Property Management
12%
$395
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$362