This property looks like a bad Mid-Term investment with a projected -5.12% first-year return on $88,308 initial cash invested.
-5.12%
Cash On Cash
5.56%
Cap Rate
0.85
DSCR
$2,520
Rent
-$377
Cashflow
Cash Flow
$2,520 income − $2,897 expenses = $377 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,308
Downpayment
20%
$66,960
Closing costs
1%
$3,348
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,520
Total Expenses
$2,897
Mortgage P&I
73%
$1,827
Property Taxes
4%
$94
Home Insurance
5%
$119
HOA
0%
$0
Property Management
12%
$302
CapEx
4%
$101
Vacancy
3%
$76
Maintenance
4%
$101
Other
11%
$277