This property looks like a bad Mid-Term investment with a projected -4.93% first-year return on $88,371 initial cash invested.
-4.93%
Cash On Cash
5.7%
Cap Rate
0.87
DSCR
$2,943
Rent
-$363
Cashflow
Cash Flow
$2,943 income − $3,306 expenses = $363 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,371
Downpayment
20%
$67,020
Closing costs
1%
$3,351
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,943
Total Expenses
$3,306
Mortgage P&I
62%
$1,836
Property Taxes
12%
$350
Home Insurance
4%
$119
HOA
0%
$0
Property Management
12%
$353
CapEx
4%
$118
Vacancy
3%
$88
Maintenance
4%
$118
Other
11%
$324