This property looks like a bad Mid-Term investment with a projected -6.49% first-year return on $88,350 initial cash invested.
-6.49%
Cash On Cash
5.25%
Cap Rate
0.79
DSCR
$2,448
Rent
-$478
Cashflow
Cash Flow
$2,448 income − $2,926 expenses = $478 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,350
Downpayment
20%
$67,000
Closing costs
1%
$3,350
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,448
Total Expenses
$2,926
Mortgage P&I
75%
$1,845
Property Taxes
5%
$132
Home Insurance
5%
$117
HOA
0%
$0
Property Management
12%
$294
CapEx
4%
$98
Vacancy
3%
$73
Maintenance
4%
$98
Other
11%
$269