This property looks like a bad Mid-Term investment with a projected -7.2% first-year return on $87,804 initial cash invested.
-7.2%
Cash On Cash
5.01%
Cap Rate
0.77
DSCR
$2,787
Rent
-$527
Cashflow
Cash Flow
$2,787 income − $3,314 expenses = $527 out of pocket
Investment Breakdown
|
Purchase Price
$332k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,804
Downpayment
20%
$66,480
Closing costs
1%
$3,324
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,787
Total Expenses
$3,314
Mortgage P&I
65%
$1,805
Property Taxes
16%
$440
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$334
CapEx
4%
$111
Vacancy
3%
$84
Maintenance
4%
$111
Other
11%
$307