This property looks like a bad Mid-Term investment with a projected -1.1% first-year return on $87,405 initial cash invested.
-1.1%
Cash On Cash
6.27%
Cap Rate
1.03
DSCR
$3,087
Rent
-$80
Cashflow
Cash Flow
$3,087 income − $3,167 expenses = $80 out of pocket
Investment Breakdown
|
Purchase Price
$331k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,087
Total Expenses
$3,167
Mortgage P&I
55%
$1,683
Property Taxes
6%
$196
Home Insurance
4%
$119
HOA
4%
$120
Property Management
12%
$370
CapEx
4%
$123
Vacancy
3%
$93
Maintenance
4%
$123
Other
11%
$340