This property looks like a bad Mid-Term investment with a projected -0.6% first-year return on $88,308 initial cash invested.
-0.6%
Cash On Cash
6.73%
Cap Rate
1.04
DSCR
$3,045
Rent
-$44
Cashflow
Cash Flow
$3,045 income − $3,089 expenses = $44 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,308
Downpayment
20%
$66,960
Closing costs
1%
$3,348
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,045
Total Expenses
$3,089
Mortgage P&I
59%
$1,800
Property Taxes
4%
$112
Home Insurance
4%
$129
HOA
0%
$13
Property Management
12%
$365
CapEx
4%
$122
Vacancy
3%
$91
Maintenance
4%
$122
Other
11%
$335