This property looks like a bad Mid-Term investment with a projected -2.45% first-year return on $88,266 initial cash invested.
-2.45%
Cash On Cash
5.89%
Cap Rate
0.97
DSCR
$3,242
Rent
-$180
Cashflow
Cash Flow
$3,242 income − $3,422 expenses = $180 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,266
Downpayment
20%
$66,920
Closing costs
1%
$3,346
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,242
Total Expenses
$3,422
Mortgage P&I
52%
$1,691
Property Taxes
16%
$511
Home Insurance
4%
$117
HOA
0%
$0
Property Management
12%
$389
CapEx
4%
$130
Vacancy
3%
$97
Maintenance
4%
$130
Other
11%
$357