This property looks like a bad Mid-Term investment with a projected -2.09% first-year return on $87,090 initial cash invested.
-2.09%
Cash On Cash
6.38%
Cap Rate
0.99
DSCR
$3,189
Rent
-$152
Cashflow
Cash Flow
$3,189 income − $3,341 expenses = $152 out of pocket
Investment Breakdown
|
Purchase Price
$329k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,090
Downpayment
20%
$65,800
Closing costs
1%
$3,290
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,189
Total Expenses
$3,341
Mortgage P&I
56%
$1,773
Property Taxes
12%
$367
Home Insurance
4%
$115
HOA
0%
$0
Property Management
12%
$383
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$351