This property looks like a bad Mid-Term investment with a projected -3.19% first-year return on $89,190 initial cash invested.
-3.19%
Cash On Cash
5.99%
Cap Rate
0.93
DSCR
$2,760
Rent
-$237
Cashflow
Cash Flow
$2,760 income − $2,997 expenses = $237 out of pocket
Investment Breakdown
|
Purchase Price
$339k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,760
Total Expenses
$2,997
Mortgage P&I
66%
$1,819
Property Taxes
4%
$121
Home Insurance
4%
$119
HOA
0%
$0
Property Management
12%
$331
CapEx
4%
$110
Vacancy
3%
$83
Maintenance
4%
$110
Other
11%
$304