This property looks like a bad Mid-Term investment with a projected -3.45% first-year return on $88,371 initial cash invested.
-3.45%
Cash On Cash
5.79%
Cap Rate
0.93
DSCR
$3,284
Rent
-$254
Cashflow
Cash Flow
$3,284 income − $3,538 expenses = $254 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,371
Downpayment
20%
$67,020
Closing costs
1%
$3,351
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,284
Total Expenses
$3,538
Mortgage P&I
53%
$1,739
Property Taxes
17%
$564
Home Insurance
4%
$119
HOA
0%
$0
Property Management
12%
$394
CapEx
4%
$131
Vacancy
3%
$99
Maintenance
4%
$131
Other
11%
$361