This property looks like a bad Mid-Term investment with a projected -0.76% first-year return on $87,174 initial cash invested.
-0.76%
Cash On Cash
6.38%
Cap Rate
1.04
DSCR
$3,016
Rent
-$55
Cashflow
Cash Flow
$3,016 income − $3,071 expenses = $55 out of pocket
Investment Breakdown
|
Purchase Price
$329k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,174
Downpayment
20%
$65,880
Closing costs
1%
$3,294
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,016
Total Expenses
$3,071
Mortgage P&I
56%
$1,684
Property Taxes
7%
$203
Home Insurance
4%
$121
HOA
1%
$37
Property Management
12%
$362
CapEx
4%
$121
Vacancy
3%
$90
Maintenance
4%
$121
Other
11%
$332