This property looks like a bad Mid-Term investment with a projected -4.83% first-year return on $86,985 initial cash invested.
-4.83%
Cash On Cash
5.73%
Cap Rate
0.86
DSCR
$2,583
Rent
-$350
Cashflow
Cash Flow
$2,583 income − $2,933 expenses = $350 out of pocket
Investment Breakdown
|
Purchase Price
$329k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,985
Downpayment
20%
$65,700
Closing costs
1%
$3,285
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,583
Total Expenses
$2,933
Mortgage P&I
70%
$1,816
Property Taxes
4%
$95
Home Insurance
6%
$145
HOA
0%
$0
Property Management
12%
$310
CapEx
4%
$103
Vacancy
3%
$77
Maintenance
4%
$103
Other
11%
$284