This property looks like a bad Mid-Term investment with a projected -0.96% first-year return on $87,552 initial cash invested.
-0.96%
Cash On Cash
6.83%
Cap Rate
1.03
DSCR
$3,254
Rent
-$70
Cashflow
Cash Flow
$3,254 income − $3,324 expenses = $70 out of pocket
Investment Breakdown
|
Purchase Price
$331k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,552
Downpayment
20%
$66,240
Closing costs
1%
$3,312
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,254
Total Expenses
$3,324
Mortgage P&I
56%
$1,824
Property Taxes
8%
$275
Home Insurance
4%
$119
HOA
0%
$0
Property Management
12%
$390
CapEx
4%
$130
Vacancy
3%
$98
Maintenance
4%
$130
Other
11%
$358