This property looks like a bad Mid-Term investment with a projected -4.95% first-year return on $88,161 initial cash invested.
-4.95%
Cash On Cash
5.14%
Cap Rate
0.85
DSCR
$2,546
Rent
-$364
Cashflow
Cash Flow
$2,546 income − $2,910 expenses = $364 out of pocket
Investment Breakdown
|
Purchase Price
$334k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,161
Downpayment
20%
$66,820
Closing costs
1%
$3,341
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,546
Total Expenses
$2,910
Mortgage P&I
67%
$1,694
Property Taxes
9%
$224
Home Insurance
5%
$126
HOA
0%
$0
Property Management
12%
$306
CapEx
4%
$102
Vacancy
3%
$76
Maintenance
4%
$102
Other
11%
$280