This property looks like a bad Mid-Term investment with a projected -4.91% first-year return on $87,426 initial cash invested.
-4.91%
Cash On Cash
5.49%
Cap Rate
0.85
DSCR
$2,448
Rent
-$358
Cashflow
Cash Flow
$2,448 income − $2,806 expenses = $358 out of pocket
Investment Breakdown
|
Purchase Price
$331k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,448
Total Expenses
$2,806
Mortgage P&I
72%
$1,772
Property Taxes
3%
$80
Home Insurance
5%
$122
HOA
0%
$0
Property Management
12%
$294
CapEx
4%
$98
Vacancy
3%
$73
Maintenance
4%
$98
Other
11%
$269