This property looks like a bad Mid-Term investment with a projected -4.17% first-year return on $87,174 initial cash invested.
-4.17%
Cash On Cash
5.96%
Cap Rate
0.89
DSCR
$2,722
Rent
-$303
Cashflow
Cash Flow
$2,722 income − $3,025 expenses = $303 out of pocket
Investment Breakdown
|
Purchase Price
$329k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,174
Downpayment
20%
$65,880
Closing costs
1%
$3,294
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,722
Total Expenses
$3,025
Mortgage P&I
67%
$1,829
Property Taxes
5%
$146
Home Insurance
4%
$119
HOA
0%
$5
Property Management
12%
$327
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$299