This property looks like a bad Mid-Term investment with a projected -3.24% first-year return on $88,392 initial cash invested.
-3.24%
Cash On Cash
6.01%
Cap Rate
0.94
DSCR
$3,190
Rent
-$239
Cashflow
Cash Flow
$3,190 income − $3,429 expenses = $239 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,392
Downpayment
20%
$67,040
Closing costs
1%
$3,352
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,190
Total Expenses
$3,429
Mortgage P&I
56%
$1,790
Property Taxes
14%
$434
Home Insurance
4%
$119
HOA
0%
$0
Property Management
12%
$383
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$351