This property looks like a bad Mid-Term investment with a projected -10.42% first-year return on $88,350 initial cash invested.
-10.42%
Cash On Cash
4.4%
Cap Rate
0.64
DSCR
$2,073
Rent
-$767
Cashflow
Cash Flow
$2,073 income − $2,840 expenses = $767 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.7%
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
$2,073
Total Expenses
$2,840
Mortgage P&I
92%
$1,911
Property Taxes
5%
$107
Home Insurance
6%
$117
HOA
0%
$0
Property Management
12%
$249
CapEx
4%
$83
Vacancy
3%
$62
Maintenance
4%
$83
Other
11%
$228