This property looks like a bad Mid-Term investment with a projected -1.01% first-year return on $89,169 initial cash invested.
-1.01%
Cash On Cash
6.43%
Cap Rate
1.03
DSCR
$3,044
Rent
-$75
Cashflow
Cash Flow
$3,044 income − $3,119 expenses = $75 out of pocket
Investment Breakdown
|
Purchase Price
$339k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,169
Downpayment
20%
$67,780
Closing costs
1%
$3,389
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,044
Total Expenses
$3,119
Mortgage P&I
58%
$1,770
Property Taxes
6%
$192
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$365
CapEx
4%
$122
Vacancy
3%
$91
Maintenance
4%
$122
Other
11%
$335