This property looks like a bad Mid-Term investment with a projected -5.66% first-year return on $87,090 initial cash invested.
-5.66%
Cash On Cash
5.41%
Cap Rate
0.83
DSCR
$2,457
Rent
-$411
Cashflow
Cash Flow
$2,457 income − $2,868 expenses = $411 out of pocket
Investment Breakdown
|
Purchase Price
$329k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,457
Total Expenses
$2,868
Mortgage P&I
73%
$1,795
Property Taxes
5%
$120
Home Insurance
5%
$118
HOA
0%
$0
Property Management
12%
$295
CapEx
4%
$98
Vacancy
3%
$74
Maintenance
4%
$98
Other
11%
$270