This property looks like a bad Mid-Term investment with a projected -4.83% first-year return on $86,880 initial cash invested.
-4.83%
Cash On Cash
5.78%
Cap Rate
0.87
DSCR
$3,030
Rent
-$350
Cashflow
Cash Flow
$3,030 income − $3,380 expenses = $350 out of pocket
Investment Breakdown
|
Purchase Price
$328k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,880
Downpayment
20%
$65,600
Closing costs
1%
$3,280
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,030
Total Expenses
$3,380
Mortgage P&I
60%
$1,810
Property Taxes
14%
$421
Home Insurance
4%
$119
HOA
0%
$0
Property Management
12%
$364
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$333