This property looks like a bad Mid-Term investment with a projected -2.16% first-year return on $88,329 initial cash invested.
-2.16%
Cash On Cash
5.94%
Cap Rate
0.97
DSCR
$2,816
Rent
-$159
Cashflow
Cash Flow
$2,816 income − $2,975 expenses = $159 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,329
Downpayment
20%
$66,980
Closing costs
1%
$3,349
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,816
Total Expenses
$2,975
Mortgage P&I
61%
$1,705
Property Taxes
6%
$176
Home Insurance
4%
$118
HOA
1%
$18
Property Management
12%
$338
CapEx
4%
$113
Vacancy
3%
$84
Maintenance
4%
$113
Other
11%
$310