This property looks like a bad Mid-Term investment with a projected -2.61% first-year return on $87,888 initial cash invested.
-2.61%
Cash On Cash
6.52%
Cap Rate
0.97
DSCR
$3,477
Rent
-$191
Cashflow
Cash Flow
$3,477 income − $3,668 expenses = $191 out of pocket
Investment Breakdown
|
Purchase Price
$333k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,888
Downpayment
20%
$66,560
Closing costs
1%
$3,328
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,477
Total Expenses
$3,668
Mortgage P&I
54%
$1,861
Property Taxes
15%
$509
Home Insurance
3%
$117
HOA
0%
$0
Property Management
12%
$417
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$382