This property looks like a bad Mid-Term investment with a projected -5.28% first-year return on $88,350 initial cash invested.
-5.28%
Cash On Cash
5.81%
Cap Rate
0.85
DSCR
$2,799
Rent
-$389
Cashflow
Cash Flow
$2,799 income − $3,188 expenses = $389 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.6%
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
$2,799
Total Expenses
$3,188
Mortgage P&I
68%
$1,898
Property Taxes
8%
$221
Home Insurance
4%
$117
HOA
0%
$0
Property Management
12%
$336
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$308