This property looks like a bad Mid-Term investment with a projected -7.53% first-year return on $87,804 initial cash invested.
-7.53%
Cash On Cash
4.87%
Cap Rate
0.74
DSCR
$2,228
Rent
-$551
Cashflow
Cash Flow
$2,228 income − $2,779 expenses = $551 out of pocket
Investment Breakdown
|
Purchase Price
$332k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,804
Downpayment
20%
$66,480
Closing costs
1%
$3,324
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,228
Total Expenses
$2,779
Mortgage P&I
81%
$1,810
Property Taxes
4%
$93
Home Insurance
5%
$119
HOA
0%
$0
Property Management
12%
$267
CapEx
4%
$89
Vacancy
3%
$67
Maintenance
4%
$89
Other
11%
$245