This property looks like a bad Mid-Term investment with a projected -6.58% first-year return on $87,699 initial cash invested.
-6.58%
Cash On Cash
5.18%
Cap Rate
0.79
DSCR
$2,720
Rent
-$481
Cashflow
Cash Flow
$2,720 income − $3,201 expenses = $481 out of pocket
Investment Breakdown
|
Purchase Price
$332k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,699
Downpayment
20%
$66,380
Closing costs
1%
$3,319
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,720
Total Expenses
$3,201
Mortgage P&I
66%
$1,806
Property Taxes
13%
$352
Home Insurance
4%
$118
HOA
0%
$0
Property Management
12%
$326
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$299