This property looks like a bad Mid-Term investment with a projected -3.24% first-year return on $87,510 initial cash invested.
-3.24%
Cash On Cash
6.05%
Cap Rate
0.94
DSCR
$3,081
Rent
-$236
Cashflow
Cash Flow
$3,081 income − $3,317 expenses = $236 out of pocket
Investment Breakdown
|
Purchase Price
$331k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,510
Downpayment
20%
$66,200
Closing costs
1%
$3,310
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,081
Total Expenses
$3,317
Mortgage P&I
58%
$1,781
Property Taxes
11%
$351
Home Insurance
4%
$138
HOA
0%
$0
Property Management
12%
$370
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$339