This property looks like a bad Mid-Term investment with a projected -2.69% first-year return on $88,329 initial cash invested.
-2.69%
Cash On Cash
6.48%
Cap Rate
0.97
DSCR
$3,357
Rent
-$198
Cashflow
Cash Flow
$3,357 income − $3,555 expenses = $198 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,329
Downpayment
20%
$66,980
Closing costs
1%
$3,349
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,357
Total Expenses
$3,555
Mortgage P&I
56%
$1,873
Property Taxes
13%
$424
Home Insurance
3%
$117
HOA
0%
$0
Property Management
12%
$403
CapEx
4%
$134
Vacancy
3%
$101
Maintenance
4%
$134
Other
11%
$369