This property looks like a bad Mid-Term investment with a projected -4.68% first-year return on $88,497 initial cash invested.
-4.68%
Cash On Cash
5.64%
Cap Rate
0.87
DSCR
$2,860
Rent
-$345
Cashflow
Cash Flow
$2,860 income − $3,205 expenses = $345 out of pocket
Investment Breakdown
|
Purchase Price
$336k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,497
Downpayment
20%
$67,140
Closing costs
1%
$3,357
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,860
Total Expenses
$3,205
Mortgage P&I
63%
$1,809
Property Taxes
11%
$307
Home Insurance
4%
$117
HOA
0%
$0
Property Management
12%
$343
CapEx
4%
$114
Vacancy
3%
$86
Maintenance
4%
$114
Other
11%
$315