This property looks like a bad Mid-Term investment with a projected -5.36% first-year return on $88,056 initial cash invested.
-5.36%
Cash On Cash
5.12%
Cap Rate
0.84
DSCR
$2,878
Rent
-$393
Cashflow
Cash Flow
$2,878 income − $3,271 expenses = $393 out of pocket
Investment Breakdown
|
Purchase Price
$334k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,056
Downpayment
20%
$66,720
Closing costs
1%
$3,336
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,878
Total Expenses
$3,271
Mortgage P&I
59%
$1,700
Property Taxes
10%
$289
Home Insurance
4%
$121
HOA
6%
$183
Property Management
12%
$345
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$317