This property looks like a bad Mid-Term investment with a projected -9.69% first-year return on $87,762 initial cash invested.
-9.69%
Cash On Cash
3.96%
Cap Rate
0.64
DSCR
$2,298
Rent
-$709
Cashflow
Cash Flow
$2,298 income − $3,007 expenses = $709 out of pocket
Investment Breakdown
|
Purchase Price
$332k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,762
Downpayment
20%
$66,440
Closing costs
1%
$3,322
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,298
Total Expenses
$3,007
Mortgage P&I
75%
$1,712
Property Taxes
17%
$391
Home Insurance
5%
$122
HOA
0%
$0
Property Management
12%
$276
CapEx
4%
$92
Vacancy
3%
$69
Maintenance
4%
$92
Other
11%
$253