This property looks like a bad Mid-Term investment with a projected -7.89% first-year return on $88,350 initial cash invested.
-7.89%
Cash On Cash
4.73%
Cap Rate
0.73
DSCR
$2,235
Rent
-$581
Cashflow
Cash Flow
$2,235 income − $2,816 expenses = $581 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,235
Total Expenses
$2,816
Mortgage P&I
81%
$1,813
Property Taxes
6%
$127
Home Insurance
5%
$117
HOA
0%
$0
Property Management
12%
$268
CapEx
4%
$89
Vacancy
3%
$67
Maintenance
4%
$89
Other
11%
$246