This property looks like a bad Mid-Term investment with a projected -6.4% first-year return on $87,720 initial cash invested.
-6.4%
Cash On Cash
4.9%
Cap Rate
0.79
DSCR
$2,474
Rent
-$468
Cashflow
Cash Flow
$2,474 income − $2,942 expenses = $468 out of pocket
Investment Breakdown
|
Purchase Price
$332k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,720
Downpayment
20%
$66,400
Closing costs
1%
$3,320
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,474
Total Expenses
$2,942
Mortgage P&I
70%
$1,726
Property Taxes
10%
$256
Home Insurance
5%
$119
HOA
0%
$0
Property Management
12%
$297
CapEx
4%
$99
Vacancy
3%
$74
Maintenance
4%
$99
Other
11%
$272