This property looks like a bad Mid-Term investment with a projected -0.31% first-year return on $88,350 initial cash invested.
-0.31%
Cash On Cash
6.96%
Cap Rate
1.06
DSCR
$3,206
Rent
-$23
Cashflow
Cash Flow
$3,206 income − $3,229 expenses = $23 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,350
Downpayment
20%
$67,000
Closing costs
1%
$3,350
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,206
Total Expenses
$3,229
Mortgage P&I
57%
$1,838
Property Taxes
6%
$184
Home Insurance
4%
$117
HOA
0%
$0
Property Management
12%
$385
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$353