This property looks like a bad Mid-Term investment with a projected -10.91% first-year return on $88,350 initial cash invested.
-10.91%
Cash On Cash
3.89%
Cap Rate
0.6
DSCR
$2,259
Rent
-$803
Cashflow
Cash Flow
$2,259 income − $3,062 expenses = $803 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,350
Downpayment
20%
$67,000
Closing costs
1%
$3,350
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,259
Total Expenses
$3,062
Mortgage P&I
80%
$1,799
Property Taxes
17%
$379
Home Insurance
5%
$117
HOA
0%
$0
Property Management
12%
$271
CapEx
4%
$90
Vacancy
3%
$68
Maintenance
4%
$90
Other
11%
$248