This property looks like a bad Mid-Term investment with a projected -4.02% first-year return on $88,014 initial cash invested.
-4.02%
Cash On Cash
5.96%
Cap Rate
0.91
DSCR
$3,262
Rent
-$295
Cashflow
Cash Flow
$3,262 income − $3,557 expenses = $295 out of pocket
Investment Breakdown
|
Purchase Price
$333k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,014
Downpayment
20%
$66,680
Closing costs
1%
$3,334
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,262
Total Expenses
$3,557
Mortgage P&I
56%
$1,820
Property Taxes
15%
$503
Home Insurance
4%
$126
HOA
0%
$0
Property Management
12%
$391
CapEx
4%
$130
Vacancy
3%
$98
Maintenance
4%
$130
Other
11%
$359