This property looks like a bad Mid-Term investment with a projected -5.49% first-year return on $88,077 initial cash invested.
-5.49%
Cash On Cash
5.61%
Cap Rate
0.85
DSCR
$2,979
Rent
-$403
Cashflow
Cash Flow
$2,979 income − $3,382 expenses = $403 out of pocket
Investment Breakdown
|
Purchase Price
$334k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,077
Downpayment
20%
$66,740
Closing costs
1%
$3,337
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,979
Total Expenses
$3,382
Mortgage P&I
62%
$1,844
Property Taxes
14%
$404
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$357
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$328