This property looks like a bad Mid-Term investment with a projected -0.95% first-year return on $88,392 initial cash invested.
-0.95%
Cash On Cash
6.93%
Cap Rate
1.03
DSCR
$3,326
Rent
-$70
Cashflow
Cash Flow
$3,326 income − $3,396 expenses = $70 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,392
Downpayment
20%
$67,040
Closing costs
1%
$3,352
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,326
Total Expenses
$3,396
Mortgage P&I
56%
$1,873
Property Taxes
8%
$273
Home Insurance
4%
$119
HOA
0%
$0
Property Management
12%
$399
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$366