This property looks like a bad Mid-Term investment with a projected -4.02% first-year return on $88,329 initial cash invested.
-4.02%
Cash On Cash
5.96%
Cap Rate
0.91
DSCR
$3,514
Rent
-$296
Cashflow
Cash Flow
$3,514 income − $3,810 expenses = $296 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,329
Downpayment
20%
$66,980
Closing costs
1%
$3,349
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,514
Total Expenses
$3,810
Mortgage P&I
52%
$1,817
Property Taxes
19%
$680
Home Insurance
3%
$117
HOA
0%
$0
Property Management
12%
$422
CapEx
4%
$141
Vacancy
3%
$105
Maintenance
4%
$141
Other
11%
$387