This property looks like a bad Mid-Term investment with a projected -3.91% first-year return on $89,064 initial cash invested.
-3.91%
Cash On Cash
5.94%
Cap Rate
0.91
DSCR
$2,910
Rent
-$290
Cashflow
Cash Flow
$2,910 income − $3,200 expenses = $290 out of pocket
Investment Breakdown
|
Purchase Price
$338k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,064
Downpayment
20%
$67,680
Closing costs
1%
$3,384
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,910
Total Expenses
$3,200
Mortgage P&I
64%
$1,850
Property Taxes
8%
$243
Home Insurance
4%
$119
HOA
0%
$0
Property Management
12%
$349
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$320