This property looks like a bad Mid-Term investment with a projected -2.1% first-year return on $87,636 initial cash invested.
-2.1%
Cash On Cash
6.29%
Cap Rate
0.98
DSCR
$3,084
Rent
-$153
Cashflow
Cash Flow
$3,084 income − $3,237 expenses = $153 out of pocket
Investment Breakdown
|
Purchase Price
$332k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,636
Downpayment
20%
$66,320
Closing costs
1%
$3,316
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,084
Total Expenses
$3,237
Mortgage P&I
57%
$1,767
Property Taxes
10%
$304
Home Insurance
4%
$118
HOA
0%
$0
Property Management
12%
$370
CapEx
4%
$123
Vacancy
3%
$93
Maintenance
4%
$123
Other
11%
$339