This property looks like a bad Mid-Term investment with a projected -3.15% first-year return on $87,594 initial cash invested.
-3.15%
Cash On Cash
6.16%
Cap Rate
0.94
DSCR
$2,958
Rent
-$230
Cashflow
Cash Flow
$2,958 income − $3,188 expenses = $230 out of pocket
Investment Breakdown
|
Purchase Price
$331k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,594
Downpayment
20%
$66,280
Closing costs
1%
$3,314
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,958
Total Expenses
$3,188
Mortgage P&I
61%
$1,814
Property Taxes
8%
$250
Home Insurance
4%
$119
HOA
0%
$0
Property Management
12%
$355
CapEx
4%
$118
Vacancy
3%
$89
Maintenance
4%
$118
Other
11%
$325