This property looks like a bad Mid-Term investment with a projected -3.07% first-year return on $87,048 initial cash invested.
-3.07%
Cash On Cash
6.39%
Cap Rate
0.95
DSCR
$3,120
Rent
-$223
Cashflow
Cash Flow
$3,120 income − $3,343 expenses = $223 out of pocket
Investment Breakdown
|
Purchase Price
$329k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,048
Downpayment
20%
$65,760
Closing costs
1%
$3,288
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,120
Total Expenses
$3,343
Mortgage P&I
59%
$1,849
Property Taxes
10%
$304
Home Insurance
4%
$119
HOA
0%
$10
Property Management
12%
$374
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$343