This property looks like a bad Mid-Term investment with a projected -4.75% first-year return on $88,203 initial cash invested.
-4.75%
Cash On Cash
5.67%
Cap Rate
0.87
DSCR
$2,672
Rent
-$349
Cashflow
Cash Flow
$2,672 income − $3,021 expenses = $349 out of pocket
Investment Breakdown
|
Purchase Price
$334k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,203
Downpayment
20%
$66,860
Closing costs
1%
$3,343
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,672
Total Expenses
$3,021
Mortgage P&I
68%
$1,821
Property Taxes
6%
$169
Home Insurance
5%
$122
HOA
0%
$0
Property Management
12%
$321
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$294