This property looks like a bad Mid-Term investment with a projected -4.17% first-year return on $88,350 initial cash invested.
-4.17%
Cash On Cash
5.89%
Cap Rate
0.9
DSCR
$3,027
Rent
-$307
Cashflow
Cash Flow
$3,027 income − $3,334 expenses = $307 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,027
Total Expenses
$3,334
Mortgage P&I
60%
$1,831
Property Taxes
12%
$357
Home Insurance
4%
$117
HOA
0%
$0
Property Management
12%
$363
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$333