This property looks like a bad Mid-Term investment with a projected -5.68% first-year return on $87,468 initial cash invested.
-5.68%
Cash On Cash
4.89%
Cap Rate
0.82
DSCR
$2,784
Rent
-$414
Cashflow
Cash Flow
$2,784 income − $3,198 expenses = $414 out of pocket
Investment Breakdown
|
Purchase Price
$331k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,468
Downpayment
20%
$66,160
Closing costs
1%
$3,308
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,784
Total Expenses
$3,198
Mortgage P&I
59%
$1,651
Property Taxes
17%
$465
Home Insurance
5%
$136
HOA
0%
$0
Property Management
12%
$334
CapEx
4%
$111
Vacancy
3%
$84
Maintenance
4%
$111
Other
11%
$306