This property looks like a bad Mid-Term investment with a projected -2.89% first-year return on $87,573 initial cash invested.
-2.89%
Cash On Cash
6.04%
Cap Rate
0.95
DSCR
$2,978
Rent
-$211
Cashflow
Cash Flow
$2,978 income − $3,189 expenses = $211 out of pocket
Investment Breakdown
|
Purchase Price
$331k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,573
Downpayment
20%
$66,260
Closing costs
1%
$3,313
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,978
Total Expenses
$3,189
Mortgage P&I
59%
$1,759
Property Taxes
10%
$299
Home Insurance
4%
$119
HOA
0%
$0
Property Management
12%
$357
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$328