This property looks like a bad Mid-Term investment with a projected -5.29% first-year return on $88,875 initial cash invested.
-5.29%
Cash On Cash
5.27%
Cap Rate
0.84
DSCR
$2,709
Rent
-$392
Cashflow
Cash Flow
$2,709 income − $3,101 expenses = $392 out of pocket
Investment Breakdown
|
Purchase Price
$338k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,875
Downpayment
20%
$67,500
Closing costs
1%
$3,375
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,709
Total Expenses
$3,101
Mortgage P&I
65%
$1,766
Property Taxes
11%
$293
Home Insurance
5%
$122
HOA
0%
$0
Property Management
12%
$325
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$298