This property looks like a bad Mid-Term investment with a projected -5.95% first-year return on $88,077 initial cash invested.
-5.95%
Cash On Cash
5.29%
Cap Rate
0.82
DSCR
$2,644
Rent
-$437
Cashflow
Cash Flow
$2,644 income − $3,081 expenses = $437 out of pocket
Investment Breakdown
|
Purchase Price
$334k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,077
Downpayment
20%
$66,740
Closing costs
1%
$3,337
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,644
Total Expenses
$3,081
Mortgage P&I
68%
$1,803
Property Taxes
10%
$257
Home Insurance
5%
$122
HOA
0%
$0
Property Management
12%
$317
CapEx
4%
$106
Vacancy
3%
$79
Maintenance
4%
$106
Other
11%
$291