This property looks like a bad Mid-Term investment with a projected -2.24% first-year return on $88,455 initial cash invested.
-2.24%
Cash On Cash
6.01%
Cap Rate
0.97
DSCR
$2,979
Rent
-$165
Cashflow
Cash Flow
$2,979 income − $3,144 expenses = $165 out of pocket
Investment Breakdown
|
Purchase Price
$336k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,455
Downpayment
20%
$67,100
Closing costs
1%
$3,355
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,979
Total Expenses
$3,144
Mortgage P&I
58%
$1,725
Property Taxes
10%
$302
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$357
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$328