This property looks like a bad Mid-Term investment with a projected -4.58% first-year return on $88,350 initial cash invested.
-4.58%
Cash On Cash
5.54%
Cap Rate
0.87
DSCR
$2,536
Rent
-$337
Cashflow
Cash Flow
$2,536 income − $2,873 expenses = $337 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,536
Total Expenses
$2,873
Mortgage P&I
70%
$1,783
Property Taxes
4%
$112
Home Insurance
5%
$117
HOA
0%
$0
Property Management
12%
$304
CapEx
4%
$101
Vacancy
3%
$76
Maintenance
4%
$101
Other
11%
$279