This property looks like a bad Mid-Term investment with a projected -3.92% first-year return on $87,510 initial cash invested.
-3.92%
Cash On Cash
6.08%
Cap Rate
0.91
DSCR
$3,122
Rent
-$286
Cashflow
Cash Flow
$3,122 income − $3,408 expenses = $286 out of pocket
Investment Breakdown
|
Purchase Price
$331k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,510
Downpayment
20%
$66,200
Closing costs
1%
$3,310
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,122
Total Expenses
$3,408
Mortgage P&I
59%
$1,837
Property Taxes
13%
$393
Home Insurance
4%
$116
HOA
0%
$0
Property Management
12%
$375
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$343