This property looks like a bad Mid-Term investment with a projected -4.79% first-year return on $87,405 initial cash invested.
-4.79%
Cash On Cash
5.86%
Cap Rate
0.87
DSCR
$2,610
Rent
-$349
Cashflow
Cash Flow
$2,610 income − $2,959 expenses = $349 out of pocket
Investment Breakdown
|
Purchase Price
$331k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,405
Downpayment
20%
$66,100
Closing costs
1%
$3,305
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,610
Total Expenses
$2,959
Mortgage P&I
71%
$1,860
Property Taxes
4%
$94
Home Insurance
5%
$119
HOA
0%
$0
Property Management
12%
$313
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$287