This property looks like a bad Mid-Term investment with a projected -2.7% first-year return on $88,329 initial cash invested.
-2.7%
Cash On Cash
6.4%
Cap Rate
0.96
DSCR
$3,142
Rent
-$199
Cashflow
Cash Flow
$3,142 income − $3,341 expenses = $199 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,329
Downpayment
20%
$66,980
Closing costs
1%
$3,349
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,142
Total Expenses
$3,341
Mortgage P&I
59%
$1,860
Property Taxes
9%
$295
Home Insurance
4%
$117
HOA
0%
$0
Property Management
12%
$377
CapEx
4%
$126
Vacancy
3%
$94
Maintenance
4%
$126
Other
11%
$346