This property looks like a bad Mid-Term investment with a projected -6.35% first-year return on $87,153 initial cash invested.
-6.35%
Cash On Cash
5.35%
Cap Rate
0.8
DSCR
$2,506
Rent
-$461
Cashflow
Cash Flow
$2,506 income − $2,967 expenses = $461 out of pocket
Investment Breakdown
|
Purchase Price
$329k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,153
Downpayment
20%
$65,860
Closing costs
1%
$3,293
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,506
Total Expenses
$2,967
Mortgage P&I
73%
$1,830
Property Taxes
7%
$167
Home Insurance
5%
$118
HOA
0%
$0
Property Management
12%
$301
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$276