This property looks like a bad Mid-Term investment with a projected -3.5% first-year return on $88,224 initial cash invested.
-3.5%
Cash On Cash
6.19%
Cap Rate
0.94
DSCR
$3,584
Rent
-$257
Cashflow
Cash Flow
$3,584 income − $3,841 expenses = $257 out of pocket
Investment Breakdown
|
Purchase Price
$334k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,224
Downpayment
20%
$66,880
Closing costs
1%
$3,344
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,584
Total Expenses
$3,841
Mortgage P&I
51%
$1,840
Property Taxes
19%
$664
Home Insurance
3%
$119
HOA
0%
$0
Property Management
12%
$430
CapEx
4%
$143
Vacancy
3%
$108
Maintenance
4%
$143
Other
11%
$394