This property looks like a bad Mid-Term investment with a projected -3.47% first-year return on $88,287 initial cash invested.
-3.47%
Cash On Cash
6.32%
Cap Rate
0.94
DSCR
$3,556
Rent
-$255
Cashflow
Cash Flow
$3,556 income − $3,811 expenses = $255 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,287
Downpayment
20%
$66,940
Closing costs
1%
$3,347
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,556
Total Expenses
$3,811
Mortgage P&I
53%
$1,876
Property Taxes
16%
$582
Home Insurance
3%
$119
HOA
1%
$25
Property Management
12%
$427
CapEx
4%
$142
Vacancy
3%
$107
Maintenance
4%
$142
Other
11%
$391