This property looks like a bad Mid-Term investment with a projected -2.49% first-year return on $88,350 initial cash invested.
-2.49%
Cash On Cash
6.3%
Cap Rate
0.96
DSCR
$2,751
Rent
-$183
Cashflow
Cash Flow
$2,751 income − $2,934 expenses = $183 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
$2,751
Total Expenses
$2,934
Mortgage P&I
67%
$1,831
Property Taxes
2%
$50
Home Insurance
4%
$117
HOA
0%
$0
Property Management
12%
$330
CapEx
4%
$110
Vacancy
3%
$83
Maintenance
4%
$110
Other
11%
$303