This property looks like a bad Mid-Term investment with a projected -0.48% first-year return on $87,090 initial cash invested.
-0.48%
Cash On Cash
6.9%
Cap Rate
1.05
DSCR
$3,196
Rent
-$35
Cashflow
Cash Flow
$3,196 income − $3,231 expenses = $35 out of pocket
Investment Breakdown
|
Purchase Price
$329k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,090
Downpayment
20%
$65,800
Closing costs
1%
$3,290
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,196
Total Expenses
$3,231
Mortgage P&I
56%
$1,798
Property Taxes
7%
$230
Home Insurance
4%
$115
HOA
0%
$0
Property Management
12%
$384
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$352