This property looks like a bad Mid-Term investment with a projected -3.61% first-year return on $87,699 initial cash invested.
-3.61%
Cash On Cash
6.2%
Cap Rate
0.92
DSCR
$3,015
Rent
-$264
Cashflow
Cash Flow
$3,015 income − $3,279 expenses = $264 out of pocket
Investment Breakdown
|
Purchase Price
$332k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,699
Downpayment
20%
$66,380
Closing costs
1%
$3,319
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,015
Total Expenses
$3,279
Mortgage P&I
62%
$1,857
Property Taxes
9%
$277
Home Insurance
4%
$119
HOA
0%
$0
Property Management
12%
$362
CapEx
4%
$121
Vacancy
3%
$90
Maintenance
4%
$121
Other
11%
$332