This property looks like a bad Mid-Term investment with a projected -4.49% first-year return on $88,161 initial cash invested.
-4.49%
Cash On Cash
5.68%
Cap Rate
0.88
DSCR
$2,982
Rent
-$330
Cashflow
Cash Flow
$2,982 income − $3,312 expenses = $330 out of pocket
Investment Breakdown
|
Purchase Price
$334k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,982
Total Expenses
$3,312
Mortgage P&I
60%
$1,792
Property Taxes
13%
$385
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$358
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$328