This property looks like a bad Mid-Term investment with a projected -8.6% first-year return on $88,350 initial cash invested.
-8.6%
Cash On Cash
4.6%
Cap Rate
0.7
DSCR
$2,198
Rent
-$633
Cashflow
Cash Flow
$2,198 income − $2,831 expenses = $633 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,350
Downpayment
20%
$67,000
Closing costs
1%
$3,350
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,198
Total Expenses
$2,831
Mortgage P&I
83%
$1,828
Property Taxes
6%
$138
Home Insurance
5%
$117
HOA
0%
$0
Property Management
12%
$264
CapEx
4%
$88
Vacancy
3%
$66
Maintenance
4%
$88
Other
11%
$242