This property looks like a bad Mid-Term investment with a projected -2.88% first-year return on $87,090 initial cash invested.
-2.88%
Cash On Cash
6.34%
Cap Rate
0.95
DSCR
$2,823
Rent
-$209
Cashflow
Cash Flow
$2,823 income − $3,032 expenses = $209 out of pocket
Investment Breakdown
|
Purchase Price
$329k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,090
Downpayment
20%
$65,800
Closing costs
1%
$3,290
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,823
Total Expenses
$3,032
Mortgage P&I
65%
$1,833
Property Taxes
4%
$119
Home Insurance
4%
$119
HOA
0%
$0
Property Management
12%
$339
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$311