This property looks like a bad Mid-Term investment with a projected -3.53% first-year return on $88,371 initial cash invested.
-3.53%
Cash On Cash
6.33%
Cap Rate
0.92
DSCR
$2,894
Rent
-$260
Cashflow
Cash Flow
$2,894 income − $3,154 expenses = $260 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,371
Downpayment
20%
$67,020
Closing costs
1%
$3,351
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,894
Total Expenses
$3,154
Mortgage P&I
66%
$1,911
Property Taxes
5%
$140
Home Insurance
4%
$119
HOA
0%
$0
Property Management
12%
$347
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$318