This property looks like a bad Mid-Term investment with a projected -0.35% first-year return on $88,350 initial cash invested.
-0.35%
Cash On Cash
6.71%
Cap Rate
1.05
DSCR
$2,898
Rent
-$26
Cashflow
Cash Flow
$2,898 income − $2,924 expenses = $26 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,898
Total Expenses
$2,924
Mortgage P&I
62%
$1,783
Property Taxes
1%
$38
Home Insurance
4%
$117
HOA
0%
$0
Property Management
12%
$348
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$319