This property looks like a bad Mid-Term investment with a projected -3% first-year return on $87,489 initial cash invested.
-3%
Cash On Cash
6.38%
Cap Rate
0.96
DSCR
$3,549
Rent
-$219
Cashflow
Cash Flow
$3,549 income − $3,768 expenses = $219 out of pocket
Investment Breakdown
|
Purchase Price
$331k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,489
Downpayment
20%
$66,180
Closing costs
1%
$3,309
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,549
Total Expenses
$3,768
Mortgage P&I
52%
$1,836
Property Taxes
17%
$609
Home Insurance
3%
$117
HOA
0%
$0
Property Management
12%
$426
CapEx
4%
$142
Vacancy
3%
$106
Maintenance
4%
$142
Other
11%
$390