This property looks like a bad Mid-Term investment with a projected -2.46% first-year return on $87,426 initial cash invested.
-2.46%
Cash On Cash
6.18%
Cap Rate
0.97
DSCR
$3,098
Rent
-$179
Cashflow
Cash Flow
$3,098 income − $3,277 expenses = $179 out of pocket
Investment Breakdown
|
Purchase Price
$331k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,426
Downpayment
20%
$66,120
Closing costs
1%
$3,306
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,098
Total Expenses
$3,277
Mortgage P&I
57%
$1,757
Property Taxes
11%
$349
Home Insurance
4%
$117
HOA
0%
$0
Property Management
12%
$372
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$341