This property looks like a bad Mid-Term investment with a projected -3.51% first-year return on $87,741 initial cash invested.
-3.51%
Cash On Cash
5.83%
Cap Rate
0.92
DSCR
$2,758
Rent
-$257
Cashflow
Cash Flow
$2,758 income − $3,015 expenses = $257 out of pocket
Investment Breakdown
|
Purchase Price
$332k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,741
Downpayment
20%
$66,420
Closing costs
1%
$3,321
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,758
Total Expenses
$3,015
Mortgage P&I
64%
$1,761
Property Taxes
7%
$200
Home Insurance
4%
$117
HOA
0%
$0
Property Management
12%
$331
CapEx
4%
$110
Vacancy
3%
$83
Maintenance
4%
$110
Other
11%
$303