This property looks like a bad Mid-Term investment with a projected -8.19% first-year return on $87,174 initial cash invested.
-8.19%
Cash On Cash
4.63%
Cap Rate
0.72
DSCR
$2,721
Rent
-$595
Cashflow
Cash Flow
$2,721 income − $3,316 expenses = $595 out of pocket
Investment Breakdown
|
Purchase Price
$329k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,174
Downpayment
20%
$65,880
Closing costs
1%
$3,294
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,721
Total Expenses
$3,316
Mortgage P&I
65%
$1,756
Property Taxes
19%
$517
Home Insurance
4%
$117
HOA
0%
$0
Property Management
12%
$327
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$299