This property looks like a bad Mid-Term investment with a projected -8.2% first-year return on $88,350 initial cash invested.
-8.2%
Cash On Cash
4.72%
Cap Rate
0.72
DSCR
$2,292
Rent
-$604
Cashflow
Cash Flow
$2,292 income − $2,896 expenses = $604 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,350
Downpayment
20%
$67,000
Closing costs
1%
$3,350
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,292
Total Expenses
$2,896
Mortgage P&I
80%
$1,831
Property Taxes
7%
$168
Home Insurance
5%
$117
HOA
0%
$0
Property Management
12%
$275
CapEx
4%
$92
Vacancy
3%
$69
Maintenance
4%
$92
Other
11%
$252