This property looks like a bad Mid-Term investment with a projected -2.86% first-year return on $88,434 initial cash invested.
-2.86%
Cash On Cash
6.18%
Cap Rate
0.95
DSCR
$3,114
Rent
-$211
Cashflow
Cash Flow
$3,114 income − $3,325 expenses = $211 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,434
Downpayment
20%
$67,080
Closing costs
1%
$3,354
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,114
Total Expenses
$3,325
Mortgage P&I
58%
$1,812
Property Taxes
11%
$328
Home Insurance
4%
$125
HOA
0%
$0
Property Management
12%
$374
CapEx
4%
$125
Vacancy
3%
$93
Maintenance
4%
$125
Other
11%
$343