This property looks like a bad Mid-Term investment with a projected -2.99% first-year return on $88,035 initial cash invested.
-2.99%
Cash On Cash
6.01%
Cap Rate
0.94
DSCR
$2,964
Rent
-$219
Cashflow
Cash Flow
$2,964 income − $3,183 expenses = $219 out of pocket
Investment Breakdown
|
Purchase Price
$334k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,035
Downpayment
20%
$66,700
Closing costs
1%
$3,335
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,964
Total Expenses
$3,183
Mortgage P&I
60%
$1,770
Property Taxes
10%
$282
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$356
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$326