This property looks like a bad Mid-Term investment with a projected -9.48% first-year return on $88,350 initial cash invested.
-9.48%
Cash On Cash
4.29%
Cap Rate
0.66
DSCR
$1,994
Rent
-$698
Cashflow
Cash Flow
$1,994 income − $2,692 expenses = $698 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,994
Total Expenses
$2,692
Mortgage P&I
91%
$1,817
Property Taxes
4%
$75
Home Insurance
6%
$117
HOA
0%
$5
Property Management
12%
$239
CapEx
4%
$80
Vacancy
3%
$60
Maintenance
4%
$80
Other
11%
$219