This property looks like a bad Mid-Term investment with a projected -8.76% first-year return on $88,350 initial cash invested.
-8.76%
Cash On Cash
3.97%
Cap Rate
0.66
DSCR
$2,160
Rent
-$645
Cashflow
Cash Flow
$2,160 income − $2,805 expenses = $645 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,350
Downpayment
20%
$67,000
Closing costs
1%
$3,350
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,160
Total Expenses
$2,805
Mortgage P&I
77%
$1,667
Property Taxes
13%
$287
Home Insurance
5%
$117
HOA
0%
$0
Property Management
12%
$259
CapEx
4%
$86
Vacancy
3%
$65
Maintenance
4%
$86
Other
11%
$238