This property looks like a bad Mid-Term investment with a projected -3.35% first-year return on $88,245 initial cash invested.
-3.35%
Cash On Cash
5.62%
Cap Rate
0.92
DSCR
$2,920
Rent
-$246
Cashflow
Cash Flow
$2,920 income − $3,166 expenses = $246 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,245
Downpayment
20%
$66,900
Closing costs
1%
$3,345
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,920
Total Expenses
$3,166
Mortgage P&I
58%
$1,695
Property Taxes
5%
$156
Home Insurance
4%
$122
HOA
7%
$200
Property Management
12%
$350
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$321