This property looks like a bad Mid-Term investment with a projected -4.62% first-year return on $87,090 initial cash invested.
-4.62%
Cash On Cash
5.71%
Cap Rate
0.87
DSCR
$2,736
Rent
-$335
Cashflow
Cash Flow
$2,736 income − $3,071 expenses = $335 out of pocket
Investment Breakdown
|
Purchase Price
$329k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,090
Downpayment
20%
$65,800
Closing costs
1%
$3,290
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,736
Total Expenses
$3,071
Mortgage P&I
66%
$1,792
Property Taxes
9%
$235
Home Insurance
4%
$115
HOA
0%
$0
Property Management
12%
$328
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$301