This property looks like a bad Mid-Term investment with a projected -6.65% first-year return on $89,190 initial cash invested.
-6.65%
Cash On Cash
5.26%
Cap Rate
0.8
DSCR
$2,794
Rent
-$494
Cashflow
Cash Flow
$2,794 income − $3,288 expenses = $494 out of pocket
Investment Breakdown
|
Purchase Price
$339k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,794
Total Expenses
$3,288
Mortgage P&I
67%
$1,868
Property Taxes
13%
$351
Home Insurance
4%
$119
HOA
0%
$0
Property Management
12%
$335
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$307