This property looks like a bad Mid-Term investment with a projected -6.17% first-year return on $87,468 initial cash invested.
-6.17%
Cash On Cash
5.33%
Cap Rate
0.81
DSCR
$2,768
Rent
-$450
Cashflow
Cash Flow
$2,768 income − $3,218 expenses = $450 out of pocket
Investment Breakdown
|
Purchase Price
$331k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,468
Downpayment
20%
$66,160
Closing costs
1%
$3,308
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,768
Total Expenses
$3,218
Mortgage P&I
65%
$1,809
Property Taxes
13%
$346
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$332
CapEx
4%
$111
Vacancy
3%
$83
Maintenance
4%
$111
Other
11%
$304