This property looks like a bad Mid-Term investment with a projected -4.13% first-year return on $88,413 initial cash invested.
-4.13%
Cash On Cash
5.86%
Cap Rate
0.9
DSCR
$2,955
Rent
-$304
Cashflow
Cash Flow
$2,955 income − $3,259 expenses = $304 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,413
Downpayment
20%
$67,060
Closing costs
1%
$3,353
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,955
Total Expenses
$3,259
Mortgage P&I
62%
$1,824
Property Taxes
11%
$311
Home Insurance
4%
$119
HOA
0%
$0
Property Management
12%
$355
CapEx
4%
$118
Vacancy
3%
$89
Maintenance
4%
$118
Other
11%
$325