This property looks like a bad Mid-Term investment with a projected -1.31% first-year return on $87,006 initial cash invested.
-1.31%
Cash On Cash
6.55%
Cap Rate
1.01
DSCR
$2,913
Rent
-$95
Cashflow
Cash Flow
$2,913 income − $3,008 expenses = $95 out of pocket
Investment Breakdown
|
Purchase Price
$329k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,006
Downpayment
20%
$65,720
Closing costs
1%
$3,286
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,913
Total Expenses
$3,008
Mortgage P&I
61%
$1,771
Property Taxes
5%
$134
Home Insurance
4%
$112
HOA
0%
$0
Property Management
12%
$350
CapEx
4%
$117
Vacancy
3%
$87
Maintenance
4%
$117
Other
11%
$320