This property looks like a bad Mid-Term investment with a projected -3.17% first-year return on $88,098 initial cash invested.
-3.17%
Cash On Cash
6.18%
Cap Rate
0.94
DSCR
$3,220
Rent
-$233
Cashflow
Cash Flow
$3,220 income − $3,453 expenses = $233 out of pocket
Investment Breakdown
|
Purchase Price
$334k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,098
Downpayment
20%
$66,760
Closing costs
1%
$3,338
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,220
Total Expenses
$3,453
Mortgage P&I
57%
$1,824
Property Taxes
13%
$417
Home Insurance
4%
$117
HOA
0%
$0
Property Management
12%
$386
CapEx
4%
$129
Vacancy
3%
$97
Maintenance
4%
$129
Other
11%
$354