This property looks like a bad Mid-Term investment with a projected -1.56% first-year return on $88,434 initial cash invested.
-1.56%
Cash On Cash
6.16%
Cap Rate
1.01
DSCR
$3,106
Rent
-$115
Cashflow
Cash Flow
$3,106 income − $3,221 expenses = $115 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,434
Downpayment
20%
$67,080
Closing costs
1%
$3,354
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,106
Total Expenses
$3,221
Mortgage P&I
55%
$1,714
Property Taxes
11%
$335
Home Insurance
4%
$116
HOA
0%
$0
Property Management
12%
$373
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$342