This property looks like a bad Mid-Term investment with a projected -3.2% first-year return on $87,741 initial cash invested.
-3.2%
Cash On Cash
6.2%
Cap Rate
0.94
DSCR
$3,272
Rent
-$234
Cashflow
Cash Flow
$3,272 income − $3,506 expenses = $234 out of pocket
Investment Breakdown
|
Purchase Price
$332k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,741
Downpayment
20%
$66,420
Closing costs
1%
$3,321
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,272
Total Expenses
$3,506
Mortgage P&I
56%
$1,818
Property Taxes
14%
$458
Home Insurance
4%
$117
HOA
0%
$0
Property Management
12%
$393
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$360