This property looks like a bad Mid-Term investment with a projected -3.4% first-year return on $87,153 initial cash invested.
-3.4%
Cash On Cash
5.96%
Cap Rate
0.93
DSCR
$3,128
Rent
-$247
Cashflow
Cash Flow
$3,128 income − $3,375 expenses = $247 out of pocket
Investment Breakdown
|
Purchase Price
$329k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,153
Downpayment
20%
$65,860
Closing costs
1%
$3,293
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,128
Total Expenses
$3,375
Mortgage P&I
56%
$1,758
Property Taxes
14%
$449
Home Insurance
3%
$105
HOA
0%
$0
Property Management
12%
$375
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$344