This property looks like a bad Mid-Term investment with a projected -7.43% first-year return on $87,090 initial cash invested.
-7.43%
Cash On Cash
4.5%
Cap Rate
0.74
DSCR
$2,450
Rent
-$539
Cashflow
Cash Flow
$2,450 income − $2,989 expenses = $539 out of pocket
Investment Breakdown
|
Purchase Price
$329k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,090
Downpayment
20%
$65,800
Closing costs
1%
$3,290
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,450
Total Expenses
$2,989
Mortgage P&I
68%
$1,676
Property Taxes
15%
$364
Home Insurance
5%
$115
HOA
0%
$0
Property Management
12%
$294
CapEx
4%
$98
Vacancy
3%
$74
Maintenance
4%
$98
Other
11%
$270