This property looks like a bad Mid-Term investment with a projected -5.72% first-year return on $88,350 initial cash invested.
-5.72%
Cash On Cash
5.03%
Cap Rate
0.82
DSCR
$2,734
Rent
-$421
Cashflow
Cash Flow
$2,734 income − $3,155 expenses = $421 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,350
Downpayment
20%
$67,000
Closing costs
1%
$3,350
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,734
Total Expenses
$3,155
Mortgage P&I
63%
$1,716
Property Taxes
14%
$393
Home Insurance
4%
$117
HOA
0%
$0
Property Management
12%
$328
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$301