This property looks like a bad Mid-Term investment with a projected -6.51% first-year return on $87,573 initial cash invested.
-6.51%
Cash On Cash
5.19%
Cap Rate
0.79
DSCR
$2,356
Rent
-$475
Cashflow
Cash Flow
$2,356 income − $2,831 expenses = $475 out of pocket
Investment Breakdown
|
Purchase Price
$331k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,573
Downpayment
20%
$66,260
Closing costs
1%
$3,313
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,356
Total Expenses
$2,831
Mortgage P&I
77%
$1,813
Property Taxes
4%
$98
Home Insurance
5%
$119
HOA
0%
$0
Property Management
12%
$283
CapEx
4%
$94
Vacancy
3%
$71
Maintenance
4%
$94
Other
11%
$259