This property looks like a bad Mid-Term investment with a projected -3.01% first-year return on $87,678 initial cash invested.
-3.01%
Cash On Cash
5.92%
Cap Rate
0.94
DSCR
$2,667
Rent
-$220
Cashflow
Cash Flow
$2,667 income − $2,887 expenses = $220 out of pocket
Investment Breakdown
|
Purchase Price
$332k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,678
Downpayment
20%
$66,360
Closing costs
1%
$3,318
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,667
Total Expenses
$2,887
Mortgage P&I
66%
$1,749
Property Taxes
4%
$109
Home Insurance
5%
$122
HOA
0%
$0
Property Management
12%
$320
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$293